20th June 2017: Auction Snapshot: Saturday 17 June

What's happening in the market…

The rental market is still on the rise, with The Domain Group reporting that Melbourne's median rental price rose 5% for houses over the last year. However, Melbourne's median rental price of $420 for houses and $400 for units remains below that of Sydney, Darwin and Canberra.

Domain highlighted that although Spring is the most popular season to sell property, vendors should not look past Winter. "Analytics reveal that selling in spring is no more advantageous than selling in winter", they explained. Taking into account supply and demand, Winter auctions and sales have their own perks, which includes less homes to compete with.

Saturday 17 June
Number of auctions in Victoria: 869
Clearance rate: 75%

The same weekend last year
Number of auctions in Victoria: 995
Clearance rate: 71%

Auction highlights…

7 Lyrebird Court, Bayswater North

This stunning brick veneer family residence offers independent living spaces and expansive entertaining areas, including a covered alfresco entertaining area through bi-fold doors. Well suited to those who aim to be self sufficient, the home includes a 2100L water tank with a pump and irrigation system, solar electricity and a private backyard with Pink Lady apple trees. Just moments' walk from a covered pavilion with seating and BBQ facilities, the lucky new home owners can cycle along the Bungalook Creek track and enjoy proximity to a range of schools.

Number of bidders: 5
Sale price: Undisclosed

21 Kingsley Crescent, Mont Albert

This Kingsley Garden-facing home oozes Californian bungalow charm, with Baltic Pine floors, leadlight windows and high ceilings complementing the beautiful residence. The stylish lounge room features an open fireplace, and the north-facing backyard is a serene oasis with a long deck, both perfect for relaxation. The home is zoned for Koonung Secondary College and Mont Albert Primary – perfect for families!

Number of bidders: 4
Sale price: $1.565 million

24 Andersons Creek Road, Doncaster East

The perfect place to raise a family, this four bedroom home has impressively large living areas throughout, with a clever layout providing excellent separation between areas. The residence features high ceilings, an open fireplace, a large timber kitchen and an under-cover alfresco area. A highlight of this property is Milgate Park seamlessly joining the backyard lawn. Congratulations to the lucky buyers!

Number of bidders: 5
Sale price: $1.6 million