Melbourne’s property market continued its consistent performance with a 72% clearance from 655 auctions. There was only a small volume of 92 auctions last year the same weekend which was the Anzac Day weekend with a similar 71% clearance rate. Read Melbourne’s auction results below.
https://reiv.com.au/market-insights/auction-results
Who would have thought a property in Victoria would have a reserve of $1? Well, that’s exactly what happened with a Benalla fire damaged home which had 30 bidders pushing the price up from the $1 reserve up to $98,000 in an interesting result.
https://www.realestate.com.au/sold/property-house-vic-benalla-150706044
The entry level end of the market continues to be rock solid with first home buyers and young families as was seen at 10 Stafford Court, Bayswater North which sold for nearly $1 million dollars, $960,000 with 4 bidders pushing hard for the keys and pushing well above the $850,000 plus price quote. A young first home buyer family beat off other first home buyers to win the keys.
https://www.realestate.com.au/property-house-vic-bayswater+north-150744340
One of the biggest auction results for the weekend was seen at 30 Ardoch Street, Essendon where the 4 bedroom house sold for $2,626,000. Buyers were attracted to the fact that it was renovated and ready to move into and it had a pool and entertaining area as attractive features.
https://www.realestate.com.au/sold/property-house-vic-essendon-150676172
Blocks of art deco apartments continue to be in strong demand as we’ve seen with the sale of 1-6/270 Barkly Street, St Kilda. The block of unrenovated apartments sold for $2,100,000, well above our Group Block buyer syndicates budget and $150,000 over reserve with 3 investors pushing hard for the keys.
https://www.realestate.com.au/sold/property-unitblock-vic-st+kilda-150667084