Alexandra Middleton

1 month ago | domain.com.au | Alexandra Middleton |Elizabeth Redman

By Alexandra Middleton, Elizabeth RedmanMarch 10, 2025Melbourne’s auction clearance rate has reached its highest level in a year and a half as home buyers feel more upbeat due to the recent interest rate cut. In February, 65.3 per cent of Melbourne homes taken to auction sold under the hammer or sold prior, Domain figures showed. The last time Melbourne’s monthly clearance rate was higher was in July 2023 when 67 per cent of homes taken to auction sold.

1 month ago | theage.com.au | Alexandra Middleton |Elizabeth Redman

By Alexandra Middleton and Elizabeth Redman March 9, 2025 — 5.00am, register or subscribe to save articles for later. Save articles for laterAdd articles to your saved list and come back to them any time. Melbourne’s auction clearance rate has reached its highest level in a year and a half as home buyers feel more upbeat due to the recent interest rate cut. In February, 65.3 per cent of Melbourne homes taken to auction sold under the hammer or sold prior, Domain figures showed.

1 month ago | theage.com.au | Alexandra Middleton

, register or subscribe to save articles for later. Save articles for laterAdd articles to your saved list and come back to them any time. Melbourne’s most expensive suburb offers tree-lined streets, picturesque heritage homes and access to sought-after private schools, but some buyers have never heard of it.

1 month ago | domain.com.au | Alexandra Middleton

By Alexandra MiddletonFebruary 22, 2025A young family outbid five others to purchase a four-bedroom home in Richmond for $2,002,000 at a competitive Saturday auction, and paid about half a million dollars more than the property’s reserve. Six parties traded bids for 4 Vesper Street in front of a 200-strong crowd, and Biggin & Scott auctioneer Andrew Crotty described the atmosphere as “electric” on the auction weekend following Tuesday’s interest rate cut.

1 month ago | domain.com.au | Alexandra Middleton

By Alexandra MiddletonFebruary 24, 2025Melbourne’s property market is likely to stabilise following a gradual downturn in house prices over the past year, as buyer sentiment improves amid hopes of further interest rate cuts. It has taken 10 months for Melbourne dwelling values to fall 3.9 per cent from their peak, CoreLogic data shows, which is a more subtle decline compared with the downturn of 2022-2023, when the market slumped by 7.9 per cent in the same period.