Melbourne’s property market had a slower weekend as we approach Christmas with only 364 auctions and a 78% clearance rate with $244 million worth of property sold. The same weekend last year saw a higher clearance rate of 91% from 239 auction results.
https://reiv.com.au/market-insights/auction-results
We continue to get great opportunities for our clients with our Group Block syndicates. We bought another property in Carnegie at 13-15 Toolambool road next door to a recently purchased block from only $442,000 each for large 2 bedroom apartments that can be converted to 3 bedrooms.
https://www.realestate.com.au/property-unitblock-vic-carnegie-149573236
Melbourne’s property market continues to see records smashed on a regular basis. A renovated house at 73 St Vincents Place South, Albert Park sold off market for $15.1 million for a new suburb record.
https://www.realestate.com.au/property/73-st-vincent-pl-s-albert-park-vic-3206/
Who would have thought we would be seeing a house sale of $7.15 million in Newport. The property at 62 The Strand sold for a new suburb record and had the wow factor on the waterfront on The Strand on a big 3300sqm block.
https://www.realestate.com.au/sold/property-house-vic-newport-148380992
Another suburb record was seen at 2 Grange Avenue, Plenty which ended up selling for over $3.755 million. It first it hit the market earlier this year but sold later on in the year and was a resort style home.
https://www.realestate.com.au/sold/property-house-vic-plenty-148121400