Market Update July 18th 2023
By | 18th Jul 23

Market Update July 18th 2023

Melbourne’s property market continues its consistent path with a 78% clearance rate from a low volume of 387 auctions. Auction numbers are down 27% from last year where there was a 67% clearance rate from 502 auctions.  Read all of Melbourne’s auction results below.

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

 

One of the biggest sales for the weekend was the sale in Fort Street, Mount Waverley which was a modern six bedroom six bathroom home.  It had a 4 car garage situated on approximately 647 sqm land with strong demand as it was within the Mount Waverley Secondary school zone.

https://www.realestate.com.au/property-house-vic-mount+waverley-142381056

 

Apartments with a Wow factor are the most sought after in the current property market.  A large 100sqm apartment in Power Street, Hawthorn sold for $668,000 with four bidders pushing it $48,000 over reserve and a young first home buyer winning the keys.

https://www.realestate.com.au/sold/property-apartment-vic-hawthorn-142404260