Market Update 2nd November 2021
By Advantage Property | 4th Nov 21
The Melbourne market gave another solid performance with 85% clearance rate from 1124 auctions.There have now been a number of super Saturday’s in a row and the clearance rates continues to be solid as demand sores for family homes with a lifestyle element. Read all Melbourne’s auctions results below.
Demand continues to be very strong for houses on the Mornington Peninsular. A house on Marine Drive, Safety Beach sold for $3.2 million, a whopping $1million over the $2.2million reserve, as strong competition pushed there price of a un-renovated original home to high levels.
In good news for The Block, there continues to be solid results in Hampton’s housing market. A house sold in Passchdaele Street, Hampton for $4.375million with strong bidding. This goes well for The Block properties with most of them quoted between $2.6-$2.8 million on similar blocks to this.