Market Update 16th November 2021
By Advantage Property | 22nd Nov 21
Melbourne’s property market continued its steller run with an 83% clearance rate on another Super Saturday of 1055 auctions. The run home to Christmas should see quite a few Super Saturdays as clearance rates continue to be strong as the demand for houses outstrips supply buy a country mile.
There continues to be run away results in Melbourne’s property market and St Vincent Place saw another cracking result in Albert Park. A house sold for $11.15 million a whopping $1.65 million over reserve with 3 bidders pushing the price to high levels.
Demand continues to strong on the Mornington Peninsula with $1 million plus sales are the norm now. A house in Flinders Street, McCrae sold for $1.22 million with strong interest pushing the price to high levels.