Melbourne’s property market continued its solid performance with a 81% clearance rate from 776 auctions with much bigger auction attendances and more bidders as the market shifts with the interest rate drop. Last year the clearance rate was 78% from a larger volume of 1154 auctions. Read all Melbourne’s auction results below.
https://reiv.com.au/market-insights/auction-results
One of the strongest auction results for the weekend was the sale of 21 Sunnyside Avenue in Camberwell which was a renovated period home with a pool. The five bedroom three bathroom house on 906m2 sold for $4,960,000, giving the owners a nice profit after purchasing it for $2,860,000 in 2007.
https://www.realestate.com.au/property-house-vic-camberwell-147083760
Turnkey properties that are ready to move in are always in strong demand. A house at 9 Tudor Court in Balwyn North on 585m2 with five bedrooms and five bathrooms sold for $3,650,000. This was well above the $3.2 million plus range quoted with a pool and modern features being the highlights of the property.
https://www.realestate.com.au/sold/property-house-vic-balwyn+north-147080232
