Melbourne rain makes the plain sales harder

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In a weekend of rain and sunshine popular properties basked in the light, while those less appealing passed in on dampened spirits.

There were 827 auctions reported, with a clearance rate of 65 per cent. Wakelin Property Advisory director Monique Sasson Wakelin said the lower clearance rate had created a window of opportunity for buyers.

Although she detected a drop in bidding activity, Ms Wakelin said it was not evidence of “a market about to fall on its face” but the result of an unusual set of circumstances, including a significant increase in supply. One of the top-selling properties was a five-bedroom home on 770 square metres at 1 Terama Court in Glen Waverley.

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