Market Update 7th of June 2022
By | 9th Jun 22

The pendulum continues to swing from being a strong sellers market to being a buyers market each weekend. Melbourne's auction clearance rate was 70% from 770 reported auction but there was over 1200 scheduled auctions there is much more choice for buyers. Last year the clearance rate was 97% showing a major shift. Read all Melbourne's auction results below. 

Unique properties with a wow factor are still in strong demand. A warehouse style home in Little Oxford St, Collingwood sold strongly under the hammer for $1,845,000.  Sx bidders pushed the price $395,000 above reserve. 

Single level villa units continue to be highly sought after with three bidders fighting it out for a modern villa in Blyth St Brunswick. They pushed the price to $788,000 which was $93,000 above the vendors reserve price.