Market Update 25th October 2023
By | 25th Oct 23

Melbourne’s property continues its consistent performance with a 72% clearance rate from 734 reported auctions. This is an improvement from last year’s 69% from a larger volume of 983 auctions for the same weekend. Read all Melbourne’s auction results below.

https://reiv.com.au/market-insights

Apartments with courtyards are always in strong demand. An apartment in Henritta Street, Hawthorn sold for $770,000, with 5 bidders pushing it well above the $640,000 quote price and $80,000 over reserve.

https://www.realestate.com.au/sold/property-apartment-vic-hawthorn-143168180        

One of the biggest sales for the weekend was a house in Victoria Road, Northcote which sold for $2.95 million. The property was quoted $2.7 million plus and was a modern 4 bedroom 2 bathroom home.

https://www.realestate.com.au/sold/property-house-vic-northcote-143214132