Market Update 6th November 2024
By | 6th Nov 24

Melbourne’s auction results saw a lower volume this weekend which was expected with it being Melbourne Cup weekend. There were only 263 auctions reported with a 79% clearance rate which is similar for the same weekend last year where there were 349 auctions reported for a similar clearance rate of 79%. Read all Melbourne’s auction results below.

https://reiv.com.au/market-insights/auction-results

 

One of the strongest auction results for the weekend was the sale of 57 Bloomfield Ave in Maribyrnong. The three bedroom, one bathroom family home on a large parcel of land of 986m2, was quoted in the range of $1,350,000-$1,450,000, and sold for an impressive $1,550,000.

https://www.realestate.com.au/sold/property-house-vic-maribyrnong-146218128

 

Another solid sales result for the weekend was the sale of 5 Silverdale Crt in Doncaster. The house that is located in the highly sought Doncaster school zone sold for $1,631,888 after the vendor purchased the property in 2019 for $1,400,000.

https://www.realestate.com.au/sold/property-house-vic-doncaster+east-146192736