AAA<\/p>\n
Key pointsA four-bedroom townhouse in Brunswick East sold under the hammer for $1.77 million.In Fawkner, a renovated four-bedder sold for $1,225,000, above the $1.21 million reserve.Melbourne\u2019s preliminary auction clearance rate was 60 per cent.<\/p>\n
A three-bedroom \u201cclinker brick classic\u201d home in the popular McKinnon school zone passed in on a vendor\u2019s bid of $1.55 million at auction on Saturday.<\/p>\n
One of the two expected bidders, both developers, made an offer of $1.58 million after auction for 265 McKinnon Road<\/a>, but it wasn\u2019t enough to seal the deal. The home is now available for its reserve price of $1,645,000.<\/p>\n The property was one of 570 scheduled to go to auction in Melbourne last week. By Saturday evening, Domain Group recorded a preliminary auction clearance rate of 60 per cent from 367 reported results throughout the week, while 65 auctions were withdrawn. Withdrawn auctions are counted as unsold properties when calculating the clearance rate.<\/p>\n The 60 per cent clearance was an improvement on last week\u2019s early read of 55 per cent, though it is still expected to be revised downwards once more results are received.<\/p>\n The family home in the popular McKinnon Secondary College zone is in need of a major renovation.<\/p>\n On 641 square metres of land, it featured original interiors, including patterned green carpeting, and had been advertised with a guide of $1.6 million to $1.7 million.<\/p>\n Selling agency Jellis Craig\u2019s chief executive officer, Andrew McCann, said that in a balanced market, buyers were happy to raise their hands to bid, however, it had become a little tougher in the current market.<\/p>\n \u201cWe\u2019re not seeing the enthusiasm for people to bid aggressively,\u201d McCann said. \u201cThat in itself is reflective of where the market is at.\u201d<\/p>\n McCann said he expected the sale of the property to come together in a \u201cnarrow timeframe\u201d.<\/p>\n Related Article He said the struggling clearance rate was expected at this time of year given it was winter and he expected activity and sales to improve in spring.<\/p>\n \u201cWe do anticipate a lower clearance rate in July because it\u2019s not the traditional selling season, but we have seen the clearance rate improve in the past fortnight,\u201d McCann said, referring to his own agency\u2019s sales.<\/p>\n \u201cWith a better quality of stock going into a more traditional selling period, we would expect clearance rates to improve throughout the remainder of the year.\u201d<\/p>\n In Brunswick East, an architecturally designed townhouse with four bedrooms sold under the hammer for $1.77 million, above the $1.65 million reserve, to a man moving back to Melbourne from overseas.<\/p>\n The property at 17a Roberts Street<\/a> had been owned by the vendor for six years, and was advertised with a guide of $1.55 million to $1.65 million.<\/p>\n Bidding opened at $1.55 million, with the buyer making the first offer. He competed with another couple, with both trading mostly $20,000 bids to push the price higher.<\/p>\n The stylish, low maintenance townhouse was called on the market at $1.65 million, and competition ratcheted up from there, quickly reaching $1.75 million. A final knockout bid of $20,000 won the buyer the keys.<\/p>\n Nelson Alexander Brunswick\u2019s Rick Daniel said they had been expecting three bidders on the day, but stiff competition from the two other bidders meant the third did not get a chance to raise their hand.<\/p>\n Related Article \u201cIt\u2019s a very dynamic market now,\u201d Daniel said. \u201cThe common theme is that new or newly renovated properties in a good area will sell well.<\/p>\n \u201cThere are buyers for everything, but it really depends on whether the vendors are willing to meet the market.\u201d<\/p>\n![\"The](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/08\/4d884e585d4a31eedb80f521299fabdfc257217a.jpeg\")
The property at 265 McKinnon Road had original interiors.Jellis Craig Bentleigh<\/p>\n![\"22](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/08\/1785662051_562_10b52a6301d5f35bf72cf5068d9c387a60b2eab7.jpeg\")
<\/a><\/p>\n![\"Tony](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/07\/1785058394_908_e2bca84c0231af8fb9cfb4acb30faa7bb0002774.jpeg\")
<\/a><\/p>\n