Weekly Market Update 15th February 2022
By | 14th Feb 22

Melbourne’s Property Market started where it left off, with a strong 82% clearance rate from a smaller volume of 402 Auctions for the first real Auction weekend of the year after school resumes.  There will be much more volume as there are over 4,000 Auctions predicted for this month, making it one of the biggest and busiest February’s ever.  Read all of Melbourne’s Auction Results below.

There could be more foreign buyers returning to Melbourne’s market place as foreign borders open up soon. There are two International buyers interested in a house at 4 Victory Street, Murrumbeena, selling for $1,900,000, with a Hong Kong buyer being successful well above the $1,800,000 reserve, and another international buyer was interested.

The Mornington Peninsula continues to be a hot spot for buyers looking for a part investment property and a lifestyle property that they can use themselves. A townhouse on Marine Drive, Safety Beach sold for $1,365,000.  $150,000 over reserve.