In this report, Secret Agent will take a look at the state of the apartment market in Melbourne and Australia in general.
Category Archives For: The Wrap – Melbourne Auctions
633 Auctions recorded this weekend with a clearance rate of 55%
reported, while 479 Private Sales took place for the week.
Some overall good value was evident and should increase as this coming
Saturday is one of the big auction weekends for the year.
Full market wrap to be found here
A slight drop in clearances this week to 53% from 628 auctions.
Almost 1 in 3 passed in on a vendor bid and 84 auctions were yet to be reported from the weekend. 503 private sales took place for the week.
In terms of sales, 2 Rosedale Road Glen Iris was the the top reported sale at $2,120,000.
The property that had a few negatives attached continued to show deterioration in interest and pricing over the weekend. Expect this to continue moving deeper into the year.
It was again the ‘nothing to spend’ property that was sought after. 42 Reid Street Fitzroy North showed the way with an impressive price of $1.26 Million.
Video Market Wrap here
Clearances up slightly to 57% from 593 auctions with 62% unreported.
The highest sale for the weekend was 3 Gardiner Road Hawthorn $3,580,500.
Results continued to be mixed with buyer depth once again very shallow.
For the full market wrap visit here
A mixed bag of results for the weekend again showing the variations in the market. The variations happening at the moment can be as much as $100,000 between the results of two similar houses.
A+ homes like 144 24 Charles Street Northcote attracted plenty of competition and sold well ($935k) with plenty of bidding.
The market wrap video can be found here
470 auctions for the weekend with a reported clearance rate of 57%.
The top sale for the weekend was 19 Sargood Street at $4.7 Million.
For the full video wrap, just click here