Melbourne faced a large volume of auctions again on Saturday with more than a thousand properties achieving a clearance rate of 68 percent, slightly down from last weekend’s 72 percent. The number of scheduled auctions jumped to 1,406 from only 312 during the Labour Day long weekend.
The number of reported auctions was 1,094 while the total number of properties sold was 758. Total sales recorded was more than $625,751,000 while the median price was $855,000.
One suburb in Melbourne that continues to attract elite buyers is Toorak. Considered as the most expensive suburb in the area, the suburb boats of great city views particularly from homes situated on the hills. Mansions including the Toorak House are also common in the suburb although many of their owners are now downsizing and living in apartments on the same street. Other factors that make the suburb attractive are its old and quite people, safety of its population, tree-lined streets, accessibility and presence of schools.
In Mt Waverley, meanwhile, more buyers were noted to be holding back at auctions and allowing properties to pass in. According to local agents, more properties are bought after auctions. Demand for housing in the area is average and so far, 28 auction sales have been recorded this year.
Looking to buy in Melbourne and sick of missing out at auction? Talk to me about how I can help you buy your new home faster, for less.
Give me a call on 03 9686 2288 to discuss how I can help. I offer a free consultation, so why not call today?
By Wendy Chamberlain
Copyright 2018 | All Rights Reserved
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With a passion for all things real estate spanning 18 years, Wendy loves that her role as a Buyers Advocate gives her buyers an experienced voice they can trust when it comes to negotiating to purchase something as important as their new home or investment. Wendy considers it a privilege to be asked to help others realise such an important goal as home ownership and to be trusted with that honour. Get in touch today via www.FollowWendy.com for a no obligation chat about how Wendy can work with you and help you save time and money to secure your new home sooner.
