Market Update 19th April 2022
By | 20th Apr 22

Melbourne's property market had a breather with a lower volume of auctions due to the Easter long weekend. The clearance rate was a consistent 83% from only 126 auctions. 

 

We just had a massive suburb record in Frankston and that result has only lasted a week. A property in the same street, Gould Street looks like it will set the new Frankston record by selling for over $5,900,000.  

 

Melbourne's property market has had a very consistent run over the first quarter of the year. There has been a record number of auctions in February and March and the clearance rate still held up with a solid 83% average for the first quarter of the year.