18th September 2017: Auction Snapshot: Saturday 16 September

What's happening in the market…

On Saturday, Melbourne had an average auction price of $881,000. The Domain Group stated, "the best results for sellers are occurring in the affordable outer suburbs. In higher-priced areas closer to the CBD, the market is more balanced and buyers are exercising greater market power."

Saturday 16 September
Number of auctions in Victoria: 1,066
Clearance rate: 76%

The same weekend last year
Clearance rate: 79.5%

Auction highlights…

7 Wandsworth Road, Surrey Hills

A beautiful Edwardian profile with high-quality contemporary spaces, this four bedroom plus study residence is situated in an extremely popular family precinct. The new home owners will enjoy being able to walk to Chatham Primary School, tram, train and cafes, while being close to prestigious private schools. Features include an expansive design, lush garden, alfresco area, meals and chef's kitchen with Miele appliances, butler's pantry and long granite benches.

Number of bidders: 7
Sale price: $3.851 million

15A James Avenue, Mitcham

Featuring flawless workmanship throughout and a floorplan that's both clever and practical, this sparkling renovation will impress you from entry to exit. The home is beautifully presented throughout, with Eastland, Eastlink, Costco and Heatherdale/Ringwood train stations minutes away and only a 30 minute drive to Yarra Valley wineries. Congratulations to the vendor and purchasers on a fantastic result!

Number of bidders: 3
Sale price: $910,000

72 Lechte Road, Mount Waverley

This original home has been extended over time and still presents an exceptional family living and entertaining environment. The outstanding potential of a corner block to modernise or rebuild (STCA) will capture the attention of family purchasers and building professionals. The home is in the Mount Waverley Secondary College Zone just a short walk from the school, and an easy distance from Mount Waverley North Primary School, High Street Road bus, Mount Waverley Station and Hamilton Place shops. It achieved a fantastic result at auction with five keen bidders on the day.

Number of bidders: 5
Sale price: $1.412 million