Melbourne’s property market saw a consistent clearance rate of 77% from 577 auctions. The market is performing at a similar level to last year where the clearance rate of 74% was from a much higher volume of 876 auctions. Read all Melbourne’s auction results below.
https://reiv.com.au/market-insights/auction-results
One of the biggest sales for the weekend was the sale of 23 Martin St in Brighton. The four bedroom, two bathroom house on 610m2 sold for $4,530,000, which is nearly eight times the value of the last time it was sold in 1997 for $575,000.
https://www.realestate.com.au/sold/property-house-vic-brighton-145629852
A solid result was seen in Windsor with a house at 23 Albert St selling for $1,625,000. The auction had five bidders and was sold well above the original quote range, with it going over the reserve by over $100,000.
https://www.realestate.com.au/sold/property-house-vic-windsor-145638600
