Melbourne’s property market continues to see lower spring volumes than previous years with only 664 recorded auctions and a stronger 78% clearance rate. This volume is lower than the 936 auctions last year with a 72% clearance rate. Read all Melbourne’s auction results below.
https://reiv.com.au/market-insights/auction-results
One of the strongest auction results of the weekend was the sale of a nicely renovated period home at 70 Fenton St in Ascot Vale which sold for $3,365,000. The property had five bedrooms and four bedrooms, and the price was well above the $3,100,000 quote range, netting the owners a considerable profit after they purchased in 2000 for $600,000.
https://www.realestate.com.au/sold/property-house-vic-ascot+vale-146129308
Family homes continue to be popular in Melbourne’s middle eastern suburbs where there are good schools. A house at 21 Glenair St in Lower Templestowe sold for $2,950,000. The five bedroom , five bathroom turnkey property was last sold in 2021 for $1,240,000 and the owners have seen their property more than double in price in three years.
https://www.realestate.com.au/sold/property-house-vic-templestowe+lower-146044084
