Market Update 13th May 2024
By | 13th May 24

Melbourne’s property market continued its consistent performance with a 76% clearance rate from 639 auctions. This is very comparable to last year’s same weekend when the clearance rate was 76% from 648 auctions. Read all Melbourne’s auction results below.


First homebuyers continue to battle it out for single fronted properties in Melbourne’s inner suburbs. A first homebuyer paid $1,300,000 to beat another first homebuyer to a two bedroom home at 14 Ethel St in Brunswick East, paying $150,000 above the reserve.


Properties that a WOW factor in terms of location are always in strong demand. A house at 16 Golf Rd in Coburg North that backed on to Edgars Creek Parklands sold for $1,110,000. Four bidders pushed the property price $85,000 above the reserve, even the property needed a lot of work after being a rental property over nine years.