Market Update 6th of September 2022
By | 7th Sep 22

Melbourne's property market seems to have stabilized as it has consistently been around the 70% mark as it was this weekend from 550 auction results. Although in a sign of the times a number of auctions are being cancelled to lack of interest. 

There continues to be strong demand for big family homes in Melbourne's blue chip suburbs. A double fronted Victorian sold in Motherwell St, South Yarra for $4,040,00 smashing the reserve by over $1,000,000.  

Another home in Melbourne's inner Bayside suburbs sold for a strong results in Madden St, Albert Park. The property sold for $2,275,000 which was $185,000 above reserve with three bidders pushing the price up.