Market Update 29th of March 2022
By | 30th Mar 22

Melbourne's properties market passed another Super Saturday test with a 80% clearance rate from around 1000 reported auctions with a number of auctions not being reported. Stock levels are down from last year where there were nearly 1800 auctions on the same weekend but there are a number of big Saturdays coming up with the interruptions of ANZAC day and school holidays. 

Records continue to be smashed in Melbourne's market as there is no sign that Melbourne's market has peaked and is falling backwards. A modern home in Craigieburn, Park Side Rise sold for $2,020,000 which was $430,000 above the previous record as family homes continue to be in strong demand. 

Another record was set in Caraar Creek Lane in Mornington as a house sold for more than $11 million which was well above the previous record for the suburb. Records continue to be smashed in many Melbourne suburbs.