Melbourne’s property market continued its consistent auction results with an 82% clearance rate from 570 recorded auctions. This is an improvement from the 77% clearance rate from 624 auctions on the same weekend last year. Read all Melbourne’s auction results below.
https://reiv.com.au/market-insights/auction-results
Properties in school zones are always in strong demand. A house at 7 Dean Avenue in Mount Waverley sold for $1,210,000 on a small block of 325m2 in the Mount Waverley Secondary School zone. The owners bought the property and renovated after purchasing in 2004 for $340,000.
https://www.realestate.com.au/sold/property-house-vic-mount+waverley-147407668
One of the strongest auction results of the weekend was the sale of 13 Harold St in Blackburn. The house on 784m2 which was bought in 2015 for $1,380,000 and then rebuilt sold for $2,940,000, well above the $2,700,000 plus quoted price range.
https://www.realestate.com.au/sold/property-house-vic-blackburn-147437608
Another one of the strong auction results was that of 28 Linum St in Blackburn where the four bedroom, two bathroom house on 912m2 sold for $2,925,000. It was purchased for $1,300,000 back in 2011 as land value and was well above the $2,600,000 plus quote range.
https://www.realestate.com.au/sold/property-house-vic-blackburn-147395952
Brand new rebuilds saw some good results over the weekend as was seen with the sale of 7 Oregon Drive in Donvale. The builder/developer bought the property, which had an old house on it in 2023 for $1,340,000, and built the brand new five bedroom, three bathroom home which sold for an impressive $2,760,000.
https://www.realestate.com.au/sold/property-house-vic-donvale-147201924
