Melbourne’s property market passed another super Saturday test with a 80% clearance rate from 1,029 reported auctions. This is similar to the same weekend last year where there was a clearance rate of 82% from 1,002 auctions. Read Melbourne’s auction results below:
https://reiv.com.au/market-insights/auction-results
There’s talk of more interest rate rises and it’s important for buyers to try and make some savings that will assist them to make their mortgage repayments. Things like bringing your lunch from home and buying no name brands are some good strategies to try and reduce spending.
Who would’ve thought a house in St Albans would sell for $910,000 say two decades ago? 10 bidders fought for an unrenovated brick veneer which sold for $910,000, $160,000 above the reserve with three brothers buying the property to renovate.
https://www.realestate.com.au/sold/property-house-vic-st+albans-150207524
It only takes two to tango as was seen at an auction at 17 Chapman Street, North Melbourne. The house which was quoted $1,800,000 plus had two bidders fighting it out and they pushed the price to $2.1 million with a family with young kids winning the keys.
https://www.realestate.com.au/sold/property-house-vic-north+melbourne-150120788
One of the strongest auction results of the weekend was seen at 10 Hardwicke Street, Balwyn which sold for $3.09 million. The four bedroom two bathroom house on a 717 m² block with a pool had the attraction of being in the Balwyn high school zone and primary school zone as well.
https://www.realestate.com.au/sold/property-house-vic-balwyn-150195044