Market Update 4th February
By | 4th Feb 20

Melbourne’s property market started slowly this year with a small volume of auctions. This weekend’s clearance rate of 68% was from a small volume of 263 auctions. 

There continues to be some solid results in the Melbourne market place. There were 8 bidders who bid for a run down place in Frankston. A flipper who was going to renovate and on sell. They beat a number of other investors to the keys. There was also a big result in Beaumaris where a Beach box sold for $100,000 above reserve. There are only a couple of Beach boxes in this section at Rickets Point.