Market Update 18th of October 2022
By | 19th Oct 22


Melbourne's property market volumes continue to be much lower than previous Spring selling seasons with only 485 auctions reported on the weekend with another consistent 70% clearance rate. This was again was well below the 1,168 Super Saturday auction weekend that resulted in an 87% clearance rate on the same weekend last year.


Properties with a 'Wow' factor are still seeing amazing results as seen with an apartment in Middle Park. The Art Deco features were popular with buyers resulting in eight bidders pushing the price up to $2,333,000 which was $630,000 above reserve. 


Family homes continue to be popular in middle Western suburbs such as Seddon. A house in Albert St, Seddon sold for $1,355,000 with 3 buyers pushing the price $305,000 above reserve.