Market Update 14th February 2024
By | 12th Feb 24

Melbourne’s property market has started strongly with another 77% clearance rate from 519 auctions on the weekend.  This is much higher than the 68% clearance rate from auctions on the same weekend last year. Read all Melbourne’s auction results below.

https://reiv.com.au/market-insights

                                                                                                                                                                                                                                       

Turn key period style homes with swimming pools are very popular with family buyers. Two families fought it out for 49 Essex Rd in Surrey Hills which sold for $2,150,000 with an upsizing family winning the keys. 

https://www.realestate.com.au/sold/property-house-vic-surrey+hills-144005128

 

One of the biggest sales for the weekend was 40 Yarravale Rd in Kew which sold for $3,050,000. The three bedroom two bathroom modern home on 371m2 sold strongly and it last sold in 2012 for $2,285,000.

https://www.realestate.com.au/sold/property-house-vic-kew-144005576