Weekly Market Update 15th March 2022
By | 16th Mar 22

The Melbourne property market took a breather with a smaller volume of 280 auctions due to the long weekend.  The clearance rate stayed at a consistent 80% clearance rate as it was the calm before the storm with over 1500 auctions next weekend for another Super Saturday this year. 


The Mornington Peninsula continues to be a popular location for many people relocating. A house sold in Callanans Rd, Red Hill South for more than its $25,000,000 private sale price as many Melbournians seek a lifestyle change. 

Demand continues to be strong for renovating family homes in Melbourne Bayside Suburbs. A renovated house in Olympic Avenue, Cheltenham sold for $2,210,000, smashing its reserve by more than $460,000.