Market Update 15th November 2023
By | 15th Nov 23

Melbourne’s property market continued its consistent performance with a 72% clearance rate from a larger volume of 730 reported auctions after a low volume last weekend due to the long weekend.

It was a similar result to the same weekend last year where a 69% clearance rate was achieved from 826 auctions. Read all Melbourne’s auction information below. 


One of the strongest results on the Mornington Peninsula was a house in Kilburn Road, Mount Martha. The property was close to the water and sold on a large block of 1359sqm for $2.295 million.      


One bedroom apartments are generally struggling in the current market unless they are Art Deco apartments which are still in strong demand. Four first home buyers fought it out and the property in Meredith Street, Elwood sold for $593,000, well over the $480,000 plus price guide.