Market Update 26th October 2021
By | 26th Oct 21

Melbourne’s property market continues to get busier as there was over 1480 auctions scheduled this weekend making it another Super Saturday after 1070 auctions last weekend. Melbourne passed another Super Saturday test with a 90% clearance rate.

 A house on busy Gilbert Rd sold for $1,520,000 with strong competition pushing the price to unprecedented levels. 

Melbourne’s middle suburbs continue to benefit from the ripple effect of buyers pushing out further. Five buyers competed for a house in Vermont South which sold for $1,356,000 which was $213,000 over reserve.