Melbourne’s property market continued its consistent performance with a 77% clearance rate from 628 auctions. The market had less volume than last year when there were 843 auctions and a 74% clearance rate. Read all Melbourne’s auction results below.
https://reiv.com.au/market-insights/auction-results
One of the strongest sales for the weekend was the sale of 184 Kooyong Rd in Toorak. The three bedroom, two bathroom home on a good size block of 843m2 sold for $6,400,000.
https://www.realestate.com.au/sold/property-house-vic-toorak-145684076
The outer suburbs are seeing strong demand from first homebuyers as was seen at the auction of 5 Hanley St in Mernda which sold for $726,000. The sale was $46,000 above reserve and sold to a young couple who bid against strong competition from other first homebuyers trying to get into the market.
https://www.realestate.com.au/sold/property-house-vic-mernda-145612252
