Market Update 11th of October 2022
By | 11th Oct 22


Melbourne's property market continued its consistent run although stock levels continue to be lower than previous Spring markets. The clearance rate was 69% from a small volume of 500 auctions. Last year saw a much larger volume of 1076 auctions the same weekend and a stronger 89% clearance rate. 

An uninhabitable house in Hillview Avenue, Mt Waverley still sold for a strong result, selling for $190,000 above reserve. Six bidders pushed the price to $1,390,000 after the owners paid only $36,700 in 1979. 

There was another strong result for a house in Seddon which sold in Albert Street for $1,355,000 with three bidders pushing the price $355,000 above reserve. A young family won the keys for the house.