Market Update 3rd of May 2022
By | 4th May 22

Melbourne's property market had a solid 73% clearance rate from 772 reported auctions. The market is shifting slightly to a buyers market where the same weekend last year saw a 79% clearance rate from a large volume of 1098 auctions. 

Family homes in desirable school zones are always in popular demand. Our upsizing family missed out on a house at 28 Banool Quadrant, Doncaster East which sold for $1,490,000 with offers from 8 different families. 

Period style renovated houses in Bayside suburbs are highly sought after. A house at 37 Dinsdale St, Albert Park sold for $2,730,000 with a number of families pushing the price $100,000 above the reserve.