Our Buyer’s Advocate clients are happy that they are getting much more opportunities in the current buyers market where the clearance rate has now dropped to 71% from 501 auctions this weekend. This is a lot lower than the sellers market last year where the clearance rate was 84% from 535 auctions. Read Melbourne’s auction results below.
https://reiv.com.au/market-insights/auction-results
Turnkey renovated properties continue to be the most sought after in Melbourne’s current property market. A 5 bedroom 2 bathroom renovated home at 10 Callanish Road, Camberwell had the highest auction sale for the weekend of $2,860,000 as it sold above the $2.7 million plus quote on a large 804sq metre parcel of land.
https://www.realestate.com.au/sold/property-house-vic-camberwell-150173644
Who would have thought 10 years ago that a rundown house on 788sq metres in Boxhill would sell for nearly $2m? 6 Kangerong Road, Box Hill which had a very unrenovated 3 bedroom house sold for $1,975,0000 showing how far the market has risen in Box Hill in the last 2 decades.
https://www.realestate.com.au/sold/property-house-vic-box+hill-150959900
Modern townhouses continue to be in solid demand as e seen with a property at 28 Newry Street, Fitzroy North. The modern 3 bedroom property sold for $2,526,000 as many buyers prefer the lock up and leave nature of a townhouse property.
https://www.realestate.com.au/sold/property-house-vic-fitzroy+north-150957800