Market Update 30th August 2023
By | 30th Aug 23

Melbourne’s property market continues its consistent performance with a 75% clearance rate from 715 reported auctions. The clearance rate is now around 10% higher than last year’s 69% weekend rate from a similar 668 auctions. Read all Melbourne’s auction results below.


One of the biggest auction results for the weekend was in Davies Street, Brighton East. The 5 bedroom modern home in a school zone location sold for $3.61 million.        


There continues to be stand out results for renovated and extended family homes. A 4 bedroom house in Brighton Street, Richmond sold for $4.35 million, well above the $3.55 million reserve. It sold for $800,000 over reserve with a young family winning the keys against 3 other local buyers. 


A 4 bedroom turn key home in Stanhope Street, Malvern sold for a strong result of $3.45 million. 5 bidders pushed the price $350,000 over reserve with a young local family winning the keys.