The Melbourne market had a big super Saturday weekend with the upcoming Easter weekend being very quiet so there were many properties auctioned with 1,159 properties going under the hammer for a 74% clearance rate. There are better buying opportunities now than the last year where the clearance rate was 82% from 959 auctions. Read Melbourne’s auction results below.
https://reiv.com.au/market-insights/auction-results
One of Melbourne’s strongest results was the sale of 303 Lennox St, Richmond which sold for $4.2 million. The 4 bedroom 3 bathroom renovated and extended property was on 361sq metres and had an entertainer’s pool as well.
https://www.realestate.com.au/sold/property-house-vic-richmond-150487760
The entry level end of the market continues to be rock solid as seen with the sale of 13 Hakea Drive, Montrose. The house sold for $1,011,000, $41,000 above the owners expectations.
https://www.realestate.com.au/sold/property-house-vic-montrose-150484084
Who would have thought an unrenovated house in Thornbury would be selling now for $1,495,000. I can remember back in 2000 we bought a house just down the road in Harold Street for $320,000 for an upsizing family client of ours. 105 Harold Street had 5 bidders and it sold for around $200,000 over the reserve for a solid result for an unrenovated 2 bedroom home.
https://www.realestate.com.au/sold/property-house-vic-thornbury-150572356