28th August 2017: Auction Snapshot: Saturday 26 August

What's happening in the market…

Fletchers achieved a clearance rate of 78% on the weekend, a strong finish to the season! The Domain Group stated that the average clearance rate for this winter was 75.1%.

Domain also reported that approximately $467.2 million of property was successfully sold on Saturday at Melbourne auctions, with the most popular area being the western suburbs.

The first auction weekend of Spring will take place next weekend, with 850 homes expected to go under the hammer – happy bidding!

Saturday 26 August
Number of auctions in Victoria: 732
Clearance rate: 74.8%

The same weekend last year
Number of auctions in Victoria: 878
Clearance rate: 77.9%

Auction highlights…

78 Argyle Road, Kew

This home is elevated to capture a sweeping vista of the Macedon, Kinglake and Yarra Ranges, which is complemented by the manicured gardens and an exclusive location close to Melbourne's finest private schools. Other features include the beautiful conservatory, a ground floor master bedroom and a lift to access the three-car garage with workshop. Congratulations to the lucky new home owners of this spectacular home!

Number of bidders: 3
Sale price: $3,763,500

11 Western Way, Mooroolbark

This modern three bedroom home provides an opportunity to live in a family-friendly location near parkland, schools, transport and Chirnside Park Shopping Centre. The sustainable home includes a network of water tanks, fruit trees, vegetable patches, an extensive chicken enclosure, two covered alfresco areas and a solar-heated pool. With three bidders on the day, this home achieved a fantastic result!

Number of bidders: 3
Sale price: $760,000

9 Langford Crescent, Donvale

Highlights of this four bedroom, three bathroom, single-level brick home include a step-down lounge with gas log fire, covered alfresco deck and a period-styled granite kitchen. On a substantial 874 sq m approx. block with renovation or redevelopment potential (STCA), the new home owners will enjoy a convenient position zoned for Millauna College and Mitcham Primary School.

Number of bidders: 3
Sale price: Undisclosed