24th July 2017: Auction Snapshot: Saturday 22 July

What's happening in the market…

The winter auction market is remaining strong, with Melbourne achieving a median price of $716,800 at auction on Saturday, as reported by The Domain Group. They also stated that it is the outer suburbs that "continue to lead the pack for auction results".

Saturday 22 July
Number of auctions in Victoria: 619
Clearance rate: 76%

The same weekend last year
Number of auctions in Victoria: 515
Clearance rate: 72%

Auction highlights…

5 Kiewa Street, Ashwood

This substantial family home with an alfresco area and zoned bedrooms and living areas has excellent potential for modernisation or to replace the home (STCA). Located within walking distance of Parkhill Primary School and Ashwood Secondary College, this outstanding opportunity will appeal to homeowners and developers alike. Congratulations to the successful buyer!

Number of bidders: 4
Sale price: $1,450,000

26 Millewa Avenue, Malvern East

This family home is on a deep allotment in a family-friendly locale within walking distance to quality schools, parkland, shops and transport. It features tranquil gardens, a north-facing alfresco area, a large in-ground pool and very generous room sizes with high ceilings throughout. The new owners will be spoilt for choice, the home having an opportunity to renovate or reinvent as a new residence or multi-dwelling redevelopment (STCA).

Number of bidders: 2
Sale price: $1,638,000

2A Stewart Avenue, Blackburn South

Modern and stylish, this near-new brick home is a perfect fit for downsizers or young families looking to establish themselves in a sought-after neighbourhood. It is located in the Box Hill High School zone, and close to other schools, reserve, transport and shops. The home features a rear deck, a private low-maintenance garden and three bedrooms. Congratulations to both the vendor and new owner on a fantastic auction result!

Number of bidders: 3
Sale price: $874,000