Market Update – 17th February 2026

Melbourne’s property market continued its consistent performance with an 80% clearance rate from 578 auctions with over 476 million dollars worth of property auctions that sold on the weekend. The clearance rate was slightly stronger last year with a 86% clearance rate from 572 auctions for the same weekend.

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

 

 

One of the strongest auction results on the weekend was the sale of the modern renovated home at 27 Drew Street, Yarraville. The house sold for $2,016,500 with 5 bedroom and 2 bathroom accomodation on 446sq metres selling well above the $1.8 million plus price quote.

https://www.realestate.com.au/sold/property-house-vic-yarraville-149997416

 

 

Single level villas continue to be popular with different demographic segments. A

bedroom villa at 4/88 Northumberland Road, Pascoe Vale sold for $675,000 with mainly young buyers contesting and pushing it well above the $590,000 plus price quote.

https://www.realestate.com.au/sold/property-unit-vic-pascoe+vale-150020812

 

 

Our Group Block syndicate strategy continues to get good results for our investor clients. Our client sold 4/207 Charman Road Cheltenham for $580,000 without any major renovations. We bought it through our Group Block syndicate for $455,000 in 2019.

https://www.realestate.com.au/sold/property-apartment-vic-cheltenham-149914572