Market Update 30th of August 2022
By | 31st Aug 22


Melbourne's clearance rate continues to be consistent with a 67% clearance rate from 518 auctions. There will be an increase in volume providing more choice for buyers as the Spring season approches. 

The First Home Buyer end of the market continues to see multipule bidding. A first home buyer stretched $100,000 above the price guide to secure their home for $872,000 which was over well over the quote range and beating 5 other bidders. 


Large 3 bedrooms apartments are attracting more downsizers and seeing strong demand and compeition. A South Bank apartment sold for $2,600,000 which was well above the $2,300,000 plus price guide with strong competition because of the size and views.