Melbourne’s property market continues to see improved confidence with 636 reported auctions and an 82% clearance rate recorded. For the same weekend last year, there was a much larger volume of 1362 auctions with a lower clearance rate of 76%. Read all Melbourne’s auction results below.
https://reiv.com.au/market-insights/auction-results
One of the biggest auction results of the weekend occurred in the middle northern suburb Mill Park at 4 Tench Court. The three bedroom, two bathroom house on small size block of 586m2 sold for $972,000 with strong competition pushing the price $177,000 above reserve.
https://www.realestate.com.au/sold/property-house-vic-mill+park-147357688
Another strong result on the weekend was the sale of 3 Richman Drive in Mt Eliza. The four bedroom, three bathroom home on the large lot of 2596m2 sold for $2,100,000 netting the owners a considerable profit after having purchased it for only $155.000 in 1997.
https://www.realestate.com.au/sold/property-house-vic-mount+eliza-147329900
