Melbourne’s property market again saw lower spring volumes than previous years with only 822 recorded auctions and a strong 76% clearance rate. This volume is considerably lower than the 1386 auctions for the same weekend last year with a 78% clearance rate. Read all Melbourne’s auction results below.
https://reiv.com.au/market-insights/auction-results
One of the strongest auction results of the weekend was the sale of 91 Munro St in Coburg. The renovated three bedroom period home, sold for $1,280,000 with three bidders competing for the keys and the property selling for well above the quoted range of $1,100,000 plus.
https://www.realestate.com.au/property-house-vic-coburg-146164496
Another impressive sale from the weekend was that of 61 Leicester St in Fitzroy. The four bedroom, three bathroom four storey home sold for $2,925,000, after the current owners bought it in 2015 for $1,401,000 and completed a fourth floor and outdoor area extension.
https://www.realestate.com.au/sold/property-house-vic-fitzroy-146192620
