Market update 2nd of July 2022
By | 2nd Aug 22

Melbourne’s property market continues its consistent run with an auction clearance rate of 66% from 439 auctions. The market is definitely presenting more opportunities for buyers but there still continues to be some solid results for family homes in particular.

One of the strongest auction results in Melbourne’s property market was the sale of a house on Marine Drive, Safety Beach which sold for $2.905 million. Strong bidding saw the property sell for $405,000 over reserve to an investor. It had a WOW factor as it is opposite the waters of Safety Beach.

A 1960’s brick home appealed to a families in Melbourne’s middle suburb of Doncaster East. The original house in Elizabeth Street sold for $1.885 million, around $100,000 above the reserve and well above expectations.