Melbourne’s property market continues its consistent clearance rates of around the 70% mark with a 62% clearance rate from 469 auctions. The same weekend last year the market was stronger with a 88% clearance rate from 690 auctions. Read Melbourne’s auction results below.
https://reiv.com.au/market-insights/auction-results
One of the strongest results in the last week was the sale of 19 Teddington Road, Hampton. The period style 4 bedroom 2 bathroom home that needed modernising was quoted $2.15 million plus sold for $2,386,000 on 766sq metres of land.
https://www.realestate.com.au/sold/property-house-vic-hampton-151317724
Areas such as Doncaster continue to see the ripple effect of buyers pushing outwards that can not afford the more expensive middle suburbs. A 4 bedroom 3 bathroom 1970’s brick veneer style home at 7 Blair Street, Doncaster sold for $2,125,000 on 890sq metres of land.
https://www.realestate.com.au/sold/property-house-vic-doncaster-151230544
Modern townhouses continue to see strong demand from upsizing families and downsizing families as seen with the sale of 14A Clyde Street, Kew East. The 3 bedroom 2 bathroom modern one of a pair townhouse sold for $1,866,000
https://www.realestate.com.au/sold/property-townhouse-vic-kew+east-151293940
The middle northern suburbs continues to see strong demand for family homes. A house at 94 Yarralea Street, Alphington sold for $2,065,000 with the 4 bedroom 2 bathroom accommodation suiting families.
https://www.realestate.com.au/sold/property-house-vic-alphington-151335356
There was an interesting sale at 7 Willcyrus Street, Surrey Hills where there were two units on the one block and they sold for $1,880,000. They were perfect for a family wanting 2 separate residences for other family members as it offered a total of 4 bedroom 2 bathroom accommodation on 641sq metres.
https://www.realestate.com.au/sold/property-house-vic-surrey+hills-151312260