Market Update 14th October 2024
By | 14th Oct 24

Melbourne’s property market continued with its consistent performance with 638 auctions recorded with a strong 74% clearance rate. The volume is lower than same time last year where there were 841 auctions recorded but with a similar clearance rate of 75%. Read all Melbourne’s auction results below.

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

 

One of the strongest auction results was for a home in Cheltenham that is encircled by the Victoria Golf Club. The three bedroom house at 9 Beverley St sold for $1,634,000. This was well above the $1,400.000-$1,500,000 quote range with competitive bidding taking place and eventually a young family winning the keys over a competing young couple.

https://www.realestate.com.au/sold/property-house-vic-richmond-145976200

 

Another solid result from the weekend auctions was the sale of 17 Willowbank Rd in Fitzroy North. The four bedroom, one bathroom family home on 663m2 sold for $2,375,000 and netted the owners a considerable profit in six short years, after they had purchased in 2018 for $1,690,000.

https://www.realestate.com.au/sold/property-house-vic-fitzroy+north-146069576