Market Update 18th June 2024
By Advantage Property | 17th Jun 24
Melbourne’s property market continued its consistent performance with a 75% clearance rate from 631 auctions. This was comparable to the same weekend last year where there was a 77% clearance rate from 713 auctions. Read Melbourne’s auction results below.
https://reiv.com.au/market-insights
One of Melbourne’s strongest results was the sale of the modern home at 27 Alfred St in Kew which sold for a $7,700,000 price tag. The five bedroom, five bathroom family home with entertainer’s pool on 706 square metres of land sold for well above the $4,900,000 price that the owners paid in 2017.
Spacious townhouses are achieving strong results across Melbourne. A townhouse at 1/13 Bletchley Rd, Hughesdale sold for $1,360,500 which was a whopping $315,000 above reserve. There was seven bidders that fought it out for the spacious townhouse with a young woman winning the keys.