Market Update 28th October 2024
By | 28th Oct 24

Melbourne’s property market again saw lower spring volumes than previous years with only 822 recorded auctions and a strong 76% clearance rate. This volume is considerably lower than the 1386 auctions for the same weekend last year with a 78% clearance rate. Read all Melbourne’s auction results below.

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

 

One of the strongest auction results of the weekend was the sale of 91 Munro St in Coburg. The renovated  three bedroom period home, sold for $1,280,000 with three bidders competing for the keys and the property selling for well above the quoted range of $1,100,000 plus.

https://www.realestate.com.au/property-house-vic-coburg-146164496

 

Another impressive sale from the weekend was that of 61 Leicester St in Fitzroy. The four bedroom, three bathroom four storey home sold for $2,925,000, after the current owners bought it in 2015 for $1,401,000 and completed a fourth floor and outdoor area extension.

https://www.realestate.com.au/sold/property-house-vic-fitzroy-146192620