Market Update 11th October 2023
By | 10th Oct 23

Melbourne’s property market passed another big super Saturday test with 78% clearance rate from 743 auctions that have been reported. This is compared to last year where the clearance rate was 69% from 641 auctions. Read all Melbourne’s data below.      

Turn key renovated houses continue to be star performers in Melbourne’s property market as seen  with a house in Chirnside Street Kingsville. The property sold $155,000 over reserve with 3 bidders pushing the price to $1.4 million.   

One of the biggest sales from the weekend was a 4 bedroom house in Monash Avenue Balwyn that needed some renovating on 730sqm of land. The property was quoted $2.5 million plus and sold for $3.2 million.