The Inside Scoop
Smaller number of auctions due to Melbourne cup weekend. Some interesting results however:
A large selection was offered to prospective purchasers on Saturday with a consistent clearance rate of 56% reported.
Many bay side and eastern suburbs had substantial offerings, with many owners in the $1 – $2 Million price range having to meet the market in order to facilitate a sale.
Inner city didn’t have the huge supply of auctions that many other parts of Melbourne experienced on Saturday. There were also good examples of strong sales such as 38 Arnold Street Carlton North with a selling price of $940k against an advertised quote price of $800k – $880k.
For the full market wrap, see the video here.
Market Wrap | Monday 31st October 2011
Paul Osborne from Secret Agent Melbourne
www.secretagent.com.au
Market Wrap | Monday 24th October 2011
Paul Osborne from Secret Agent Melbourne
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