Market Update July 4th 2023
By | 4th Jul 23

Market Update July 4th 2023

Melbourne’s property market continued its consistent performance with a 73% clearance rate from a low volume of 383 auctions.  The clearance rate is now consistently higher compared to the same weekend last year where it was a 63% clearance rate from a higher volume of 524 auctions.  Read all of Melbourne’s auction results below.

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

 

Single level villa units continue to be star performers in Melbourne’s property market.  A two bedroom villa unit in Newman Avenue, Carnegie had 3 bidders push the price to $965,000.  A second time buyer bought the property paying $75,000 over the reserve price.

https://www.realestate.com.au/property-unit-vic-carnegie-142288776?sourcePage=rea:p4ep:property-details&sourceElement=avm-currently-advertised-view-listing

 

Melbourne’s biggest auction result was for the sale of a house in Warncliffe Road, Ivanhoe East which sold for $4,021,000.  The four bedroom plus study  on 1114 sqm of land sold for nearly $600,000 more than its previous sale in June 2021

https://www.realestate.com.au/sold/property-house-vic-ivanhoe+east-142312984?sourcePage=rea:p4ep:property-details&sourceElement=avm-currently-advertised-view-listing