Market Update 12th March 2024
By | 12th Mar 24

Melbourne’s property market had a breather with the Labour Day long weekend seeing only 284 auctions and another consistent clearance rate of 78%. There was a similar volume last year on the public holiday weekend with 310 auctions and a lower clearance rate of 71%. Read Melbourne’s auction results below.


One of the strongest auctions results of the weekend was the sale of 5 Duggan St Balwyn North which sold for $3,426,000. The house that needed work and had four bedroom, two bathroom accommodation, was sought after because of it’s Balwyn North school zone address and over 1000m2 of land.


Downsizers were out in force for an auction at 4 Reid St Beaumaris.  The modern style family home sold for $2,905,000, $155,000 over reserve. Four bidders including mainly downsizers were the most interested parties in the architectural home with multiple living areas.