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

Market Wrap

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

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