The latest happenings in the Melbourne property market. For our Essays and The Secret Agent Report, see our Research page.

Auction Wrap – May 29th & 30th 2010

auction4Melbourne’s overall auction clearance dropped to 73%, this is another slight decrease from the previous weekend.

For good quality property, we did see some solid results however.

Results like 40 O’Grady Street Clifton Hill and 4a/68 Oxford Street Collingwood show we still see the bar being raised on pricing.

Yet, any places that had a negative or two was taken to task over the weekend.

Scott McElroy (pictured) auctioned 107 Hotham Street, Collingwood. The property passed in at $800,000 after only one bid.

Tune into the auction video for more news.

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