Victorian property seekers experienced a mammoth weekend of auctions as Melbourne had what was arguably the busiest weekend in real estate to date this year. REIV CEO, Enzo Raimondo, said that “the city has had a tremendous run of auction weekends in recent weeks – however this was easily the biggest auction weekend this year”. Despite such activity, the clearance rate declined from the weekend prior, seeing a drop from 73% to 71%.
Of the 1, 358 sold properties reported to the REIV, here are a few notable properties that caught our eye.
TOP HOME: 2-4 Mangarra Road, CANTERBURY, VIC
TOP BARGAIN HOUSE: 16 Mackellar Drive, Roxburgh Park
TOP APARTMENT: e153/85 Rouse Street, PORT MELBOURNE
BARGAIN APARTMENT: B29/1-5 Grantham Street, Brunswick West
This weekend, the Real Estate Institute of Victoria (REIV) is expecting 550 auctions- the highest ever for any Melbourne Cup Day weekend, and more than double the number of auctions held last year. Buxton agent, Stefan Whiting, who operates in Brighton- Melbourne’s highest growth suburb, stated that “it continues to be an extremely busy period for us- the demand remains high as is sales activity- despite the upcoming long weekend”.
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