Heading to auction could be just what you need to secure Malvern East real estate, as the latest figures show more properties in the area are being snapped up in this way.
Melbourne's auction clearance rate hit 69.6 per cent in the week ending 15 June, up from 62.4 per cent the previous week, RP Data housing market specialist Robert Larocca revealed.
This makes it one of two standout capital city performers at the moment – the other one being Sydney – as buyers hope to bag their perfect properties before the winter fully sets in.
The weighted average across the nation's capitals stood at 66.6 per cent over the week in question, so there are plenty of reasons to be optimistic in the Melbourne market at the moment.
Buying property in one of Melbourne's sought after suburbs is a great idea, especially if you have the expertise of someone who knows Malvern East real estate on hand.
Matt Hurlston of Ray White Carnegie has years of experience in the local market and can add value to your search no matter where you might be looking in the south-eastern suburbs.