Market update 1st December 2022
By | 2nd Dec 22

Melbournes property market continues to see an abnormally low volume of properties this Spring selling season. The Auction clearance rate was 67% with a low volume of only 624 properties sold compared to 1581 auctions last year for a 75% clearance rate. 

Melbournes property market has now retracted to a more affordable level. Our client sold in Barkly Street, Reservoir for $453,000 which was almost the same price that a unit sold in there in 2018 three years ago for $450,000 showing that there are much better buying opportunities now. 

I am blessed and lucky to be overseas in Qatar at my 5th World cup with my son for the first time. It has been amazing watching the Socceroos  and my other heritage team, Croatia at all 6 games.