Melbourne’s property market continues to give buyers more opportunities as there was a 71% clearance rate from 596 auctions this weekend. This was well below the 82% clearance rate from a large volume of 792 auctions on the same weekend last year. Read Melbourne’s auction results below.
https://reiv.com.au/market-insights/auction-results
Renovated ready to move into properties continue to see strong results as seen with the sale of 76 Park Road, Middle Park. The 3 bedroom 2 bathroom home on a good size 337sq metre block for the area sold for one of the strongest results for the weekend with a sale price of $4,350,0000.
https://www.realestate.com.au/sold/property-house-vic-middle+park-151043392
Family homes continue to be sought after and popular in Melbourne’s inner eastern suburbs in family friendly suburbs such as Kew. A house at 22 Miller Grove sold for $3,180,000 and the 4 bedroom 1 bathroom home was on a good size family block of 798sq metres and still needed some modern day renovations.
https://www.realestate.com.au/sold/property-house-vic-kew-151062796
Our Buyers Advocates were surprised to see a pretty original house at 16 Berry Street, Coburg sell for nearly $2.5 million dollars on the weekend. The 4 bedroom 2 bathroom home was in pretty original condition and on a large 1,126sq metre block which would have made it attractive for future development and ended up selling for $2,458,000.
https://www.realestate.com.au/sold/property-house-vic-coburg-151003168