Melbourne saw a quieter auction weekend with only 436 auctions and a consistent clearance rate of 77%. Many vendors delayed their campaigns with the Easter weekend last weekend and school holidays contributing to low auction numbers. Read all Melbourne’s auction results below.
https://reiv.com.au/market-insights
One of the biggest auction results for the weekend was the sale of a large five bedroom house at 62 Nicholson St, Brunswick East. The property which was zoned for some good local schools sold for $2,530,000 despite being on a busy main road.
https://www.realestate.com.au/sold/property-house-vic-brunswick+east-144410712
One of the most competitive auctions on the weekend was a unit which was gutted at 2/26 Lasiandra Avenue, Forest Hill which was sold for $495,000 in a hotly contested auction. There were eight bidders that pushed the price $170,000 or 52% over reserve, with a single first homebuyer beating another young couple to the keys.
https://www.realestate.com.au/property-unit-vic-forest+hill-144488704
