Market Update 23rd August 2023
By | 23rd Aug 23

Melbourne’s property market continued its consistent run with a 78% clearance rate from 535 auctions. The figures are again stronger than last year where the clearance rate was 71% from 602 auctions on the same weekend. Read all Melbourne’s auction data below.       


One of the biggest sales results on the weekend was the sale of a renovated Victorian in Chrystobel Cresent Hawthorn. The 4 bedroom 2 bathroom property with a pool sold strongly for $7.4 million.  


Melbourne’s middle suburbs continue to see strong bidding for family homes. There were seven bidders who fought for a house in Dover Street Oakleigh East which ended up selling for $1.242 million, well above the $980,000 plus price guide. Mainly young families fought it out with the winning bidder finally being successful from their 6th auction attempt.