Market Update 22nd June 2021
By | 23rd Jun 21

The property market continues to show there is no slowing down with the pent up demand after another Melbourne lockdown. There was again a strong 94% clearance rate from a smaller volume of 220 auctions on the weekend. Though Melbourne’s property market continues to see some record results.

 

Family style homes down Melbourne’s bayside area continue to see outstanding results. A Hampton’s style beach house at 11 Maxwell Street, Blairgowrie sold for $2,526,000. This is a whopping $526,000 above the $2 million reserve with 8 bidders, mostly families fighting it out for the keys.   

 

Properties continue to sell for very strong prices anywhere near water. A property in Thomas Street, Williamstown ended up selling for $2,435,000, a massive $835,000 over reserve and the buyer are going to knock the house down.