Market Update 20th of September 2022
By | 27th Sep 22

Melbourne's property markets spring market started consistently with a 70% clearance rate from 651 auctions again. There has been a market correction as the clearance rate was 94% for the same weekend last year. Read all Melbourne's auction results below. 

Double fronted family homes continue to see more demand than supply. A Victorian style home in Richardson St, Middle Park sold for $5,005,000 which was well above the $4,000,000 plus quote with five bidders fighting it out for the keys. It was a young family made the winning bid. 

Houses in Melbourne's middle suburbs continue to have strong bidding at Auctions. Five bidders competed for a house at 27 The Highway, Bentleigh they pushed the price to $1,071,000 which was $165,000 above the quote range with a professional couple winning the keys.