Melbourne’s property market continued to see improvement with an 87% clearance rate from 481 auctions, making it the strongest clearance rate of the year. It was well up from the 78% clearance rate from 689 auctions on the same weekend last year.
https://reiv.com.au/market-insights/auction-results
A dilapidated house at 28 Barry St in Brunswick still attracted strong competition from six bidders and sold for $1,010,000. The boarded up house on 351m2 was unlivable and still smashed the $900,000 reserve.
Who would’ve thought we’d see close to a million dollar sale in Sunshine West many years ago? A house on 671m2 of land at 9 Dakara Place sold for $950,000 and had four bidders pushing the price well over the reserve. The sale netted the owners a considerable profit after purchasing it in 2015 for $511,500.
https://www.realestate.com.au/sold/property-house-vic-sunshine+west-147570444
Another one of the strong auction results was that of a small Victorian Cottage at 45 Wrights Terrace in Prahran. The house sold for $1,213,500 with four bidders pushing the sales price $113,500 above the $1,100,000 reserve.
https://www.realestate.com.au/sold/property-house-vic-prahran-147559464
One of the strongest results of the weekend was for the converted partial commercial/residential property at 434 Gore St in Fitzroy. The property sold for $5.4 million and netted the owners a considerable profit.
https://www.realestate.com.au/sold/property-house-vic-fitzroy-147488912
