Market Update 5th of April 2022
By Advantage Property | 5th Apr 22
Melbourne's property market continues its consistent performance with a 76% clearance rate with another large volume of 970 auctions. There continues to be multiple bidders at many properties across Melbourne with consistent results.
There continues to be some big results in Melbourne's middle suburbs for updated family homes. A home at 36 Bogong Avenue, Glen Waverley sold for $2,800,000. There were 5 bidders pushing the price $200,000 above the reserve.
There continues to be strong results at the top end of the market. The most expensive weeks sale was a house at 128 Yarrbat Ave, Balwyn which sold for $6,530,000 under the hammer.