Melbourne continues to be a buyer’s market with more choice for buyers than in previous years. There were over 1000 scheduled auctions for the past weekend and the were 735 auctions recorded results with a 76% clearance rate. This is similar to the same weekend last year where there was a 73% clearance rate from 818 auctions. Read all of Melbourne’s auction results below.
https://reiv.com.au/market-insights/auction-results
One of the strongest auction results was the sale of 79 Bent St in Moonee Ponds which sold for $3,685,000. The six bedroom, five bathroom family home on 950m2 with a tennis court and pool, last sold for $2,700,000 in 2019, making the owners a handy profit.
https://www.realestate.com.au/sold/property-house-vic-moonee+ponds-145820160
Another strong result was the sale of 122 The Righi in Eaglemont which sold for $2,421,500. The four bedroom, three bathroom house on 607m2 of land was last sold in 2008 for only $800,000.
https://www.realestate.com.au/sold/property-house-vic-eaglemont-145809760
