Market Update June 14th 2023
By | 14th Jun 23

Market Update June 14th 2023

Melbourne’s auction numbers remained low due to the Kings Birthday long weekend as there were only 236 auctions reported with an 82% clearance rate.  Last years long weekend saw a 68% clearance rate from 326 auctions held.  Read all of Melbourne’s auction results below.

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

 

The highest auction sale over the weekend was for a house in O’Briens Lane, Templestowe.  The five bedroom, four bathroom updated home on approximately 4833sqm with pool and tennis court sold for $4,030,000, $700,000 over reserve.

https://www.realestate.com.au/sold/property-house-vic-templestowe-142163728

 

A house in Buckingham Drive Rowville got a massive amount of interest with 11 bidders.  The home sold for $1,275,000, $370,000 above the reserve price with very strong bidding with a young couple securing the keys.

https://www.realestate.com.au/sold/property-house-vic-rowville-142159516