Melbourne’s property market continues to offer better opportunities for buyers with a 70% clearance rate from 684 auctions. There are more opportunities now as the clearance rate was 85% from over 1,075 auctions last year for the same weekend. Read Melbourne’s auction results below:
https://reiv.com.au/market-insights/auction-results
Melbourne’s inner northern suburbs continue to get strong results for family homes. 88 The Avenue, Coburg sold for $1.43 million pushing it well above the $1.3 million dollar plus quote with a young family winning the keys with 3 bidders trying top get in one of Coburg’s best streets.
https://www.realestate.com.au/sold/property-house-vic-coburg-151105720
One of the strongest results for the Melbourne property market was 27 Kalimna Avenue, Essendon which sold for $3.8 million dollars on the weekend. The 4 bedroom 2 bathroom home was renovated with a pool and on a large 1,010sq metre block and sold in 1990 for $570,000.
https://www.realestate.com.au/sold/property-house-vic-essendon-151128200
Who would have thought that Strathmore houses would be achieving prices of over $3 million dollars ten years ago? A modern 4 bedroom 3 bathroom home with a pool located in a number of school zones sold for $3.25 million, well above the $2.85 million dollar plus price quote.
https://www.realestate.com.au/sold/property-house-vic-strathmore-151089156