Market Update July 12th 2023
By | 12th Jul 23

Market Update July 12th 2023

Melbourne’s property market continued its consistent performance with a 76% clearance rate from 385 auctions.  The clearance rate is consistently higher each weekend compared to last year where there was a 67% clearance rate from 481 auctions.  Read all of Melbourne’s auction results below.

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

 

One of Melbourne’s biggest auction results over the weekend was for a 5 bedroom 3 bathroom modern home in Walbundry Avenue, Balwyn north.  The provincial style house on 838 sqm of land attracted interest from families and sold for $3,250,000.

https://www.realestate.com.au/sold/property-house-vic-balwyn+north-142386344

 

Our Buyers Advocates continue to see results well over reserve at the entry level end of the market.  A house in Wilmington Avenue, Hoppers Crossing sold for $741,000 with seven bidders pushing it $100,000 above the reserve price.

https://www.realestate.com.au/sold/property-house-vic-hoppers+crossing-142371976