Market Update 23rd November
By | 24th Nov 21

Melbourne’s property market continues to deliver consistence auction results for vendors with an 80% clearance rate from 1083 auctions. There will still be a few super Saturday’s and buyers are feeling that there is a lot more stock on offer to choose from which is positive for them.


You know the market is red hot when a beach box in Rye sells for a whopping $570,000. Four bidders pushed the price of the beach box nearly $300,000 above reserve. This shows how lifestyle is driving the property market in the Mornington Peninsular.        


One bedroom apartments continue to be challenging for vendor’s to sell in the current market. Our Vendor Advocacy clients a one bedroom apartment in Park Street, Pascoe Vale sold for $285,000 though is less demand now than for two bedrooms.