Melbourne's prestige suburbs netting 100 percent clearance rates

Sales in Melbourne's prestige property market are strong with 134 prestige property auctions reported in Melbourne last week according to Domain's Andrew Wilson.

He said Melbourne reported another strong prestige auction clearance rate of 79.9 percent last week.

"Although well below the previous week’s result of 88.2 percent from low holiday listings was well ahead of the 73.7 percent recorded over the same week last year.

"This week’s clearance rate is the highest non-holiday result of the year so far and the fourth result above 79.0 percent recorded over the past 5 weeks.

"Melbourne’s prestige home auction market accounted for 15.9 percent of total auction activity reported last week which was higher than the 9.0 percent recorded the previous week but lower than the 19.3 percent recorded over the same week last year.

"The Melbourne prestige auction market median sale price was down over the week, falling to $2,150,000 compared to the $2,315,000 recorded over the previous week.

"The median auction price however was 21.6 percent higher than the $1,767,500 reported over the same week last year.

"The top performing Melbourne prestige auction market suburbs by sales volume over the past four weeks with 100 percent clearance rates have been CAULFIELD North with a median at $2,100,000 followed by McKinnon $1,852,500, Deepdene  $3,662,500, Middle Park $1,920,000 and Eaglemont with a median auction price of $4,575,000."

Property Observer found a four bedroom home at 123 Kambrook Road Caulfield North (above) which sold recently for $2.1 million.

A five bedroom home at 9 Clee Street McKinnon, (above) sold for $1,625,000.

A three bedroom home at 198 Page Street Middle Park (above), was sold for $2,350,000.

The four bedroom home at 1 Abercrombie Street Deepdene (above), sold for $2,230,000.

The two bedroom house at 24 Brooke Street Eaglemont (above) recently sold for $2,850,000.