Melbourne’s property market continued its consistent performance with a 70% clearance rate from a small volume of 283 auctions. The market is presenting buyers with more opportunities now as the clearance rate was a much higher 90% from a larger volume of 554 auctions for the same weekend last year. Read all Melbourne’s auction results below.
https://reiv.com.au/market-insights/auction-results
One of the strongest sales was for a big land holding at 4 Kingston Blvd, Hoppers Crossing which sold for $2,200,000. The property on 6,000sq metres of large land was quoted at $1.9 million plus with a 4 bedroom 2 Bathroom home situated on it.
https://www.realestate.com.au/sold/property-house-vic-hoppers+crossing-151414144
Modern turnkey properties continue to be desired by many upsizing and downsizing families. A house at 44 Wilma Avenue, Mulgrave sold for $1,872,000. The 5 bedroom 3 bathroom house was on 700sq metres and was quoted at $1.65 million plus.
https://www.realestate.com.au/property-house-vic-mulgrave-151401552
Who would have thought that a house in Northcote like 49 Cain Avenue which was sold for $130,000 in 1999 would now be selling for well over $1.5 million? It sold for $1,620,000 with the 3 bedroom 1 bathroom home needing renovation and was quoted at $1.45 million plus.
https://www.realestate.com.au/property-house-vic-northcote-151435316