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May 2021 Market Report

By Andrew Salvo

The market is really heating up in Melbourne’s inner city apartment market.

After a subdued market due to Covid induced lockdowns, the market has really bounced back.

With record breaking low interest rates, first home buyer incentives and a large quantity of properties hitting the market, a large volume of sales have been made.

Ray White in the month or May sold a staggering $1.13 billion in property transactions. This is an incredible result considering we experienced lockdowns for the last week of the month.

Being Australia’s leading real estate brand, we’ve been able to pivot. Many of our scheduled onsite Auctions were transitioned over to our online auction platform. With the same competitive bidding, we were able to still achieve an 82.4% auction clearance rate.

Below is a list of properties sold in our surrounding areas. Please make contact with one of our award winning agents to discuss the best strategy to sell your property.

Click on the agent’s name below for further information on the sale.

AddressAgentSold Price
118 Wells StreetMichael Pastrikos$1,601,500
1/78 Wells StreetMichael Pastrikos$1,155,000
2201/22 Dorcas StreetTommy-lee$685,000
62/1 Riverside QyGeorgina Zeneldin$695,000
811/108 Flinders Stret, MelbourneTrent Bonnici$446,000
2705/45 Clarke StAusten Kosasih$530,000
904/74 Queens Road, MelbourneTommy-lee$1,955,000
103/20 Shamrock StreetMax Hui$517,000
19/185 Barkly StMichael Pastrikos$961,000
1109/14 Kavanagh StreetMichael Pastrikos$432,500
305c/11 Shamrock StreetMax Hui$517,000
2312/288 Spencer StreetMax Hui$255,000
1811/151 City RoadGeorgina Zeneldin$475,000
G09/1217 Centre Road, Oakleigh SouthMax Hui$455,000
32 kavanagh StreetGeorgina Zeneldin$345,000
156/100 KavanaghMichael Pastrikos$415,000
608/152 Sturt StreetMichael Pastrikos$350,000
6/2 Marriott StreetTommy-lee$390,000
2307/63 Whiteman StreetAusten Kosasih$340,000
E601/11 Flockhart StreetMax Hui$458,000
2515/70 Southbank BoulevardMax Hui$475,000
1410/33 City RoadMichael Pastrikos$380,000
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