How Melbourne’s biggest auction week changes the market

34 Balmerino Ave, Toorak became the biggest sales of Melbourne’s biggest auction week in 2025.

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Melbourne’s auction market is on the cusp of generational changes as the city begins to record for its busiest winter.

Yesterday, Victoria has addressed most of the busy week since last spring, with 1,477 homes scheduled to test the market.

PropTrack figures show that the initial clearance rate recorded from 1038 results was 70.3%, setting a speed at Toorak Home at 34 Balmerino Ave, selling at $611 million, surpassing the market.

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Economist Anne Flaherty said it was a positive sign that lower interest rates and growing investor activity would keep sellers celebrating as the winter begins.

Next week, there are only 500 auctions for the King’s birthday on Monday.

However, over 1,000 are expected to be held next week, which is a buoyancy number retained in the spring.

42 Bruce St, Toorak was the second biggest result of the day, at $6.1 million.

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Jacob Caine, president of the Victorian Real Estate Institute, said that while it was driven four weeks after the federal election this weekend, which led many sellers to sell from listed homes, the ongoing high numbers and licensing rates suggest that the city’s auction market is changing, and winter may not be an area once it was an infeasible area.

“When we see peaks and valleys of auctions throughout the year, we may need to adjust our expectations,” Mr. Kane said.

Although he said he believes buyers may still have a “opportunity” market, a market that swings rapidly is expected to be raised by two lower interest rates, which have prompted sellers to believe that more buyers will have more pockets.

Ivanhoe 15 Latham St sold for $5.32 million in the middle of the biggest auction week of 2025.

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“Real estate agents have been talking to many people who plan to take advantage of lower interest rates because it will translate into more buyers with more purchasing power,” Mr Caine said.

“I think buyers still have a slight advantage…and there is another opportunity, especially for first-country buyers, after the seller market trends for most of our last 15 years.”

The highest results yesterday included a four-bedroom home at 34 Balmerino Ave in Toorak for $611 million, followed by 42 Bruce St, Toorak for $6.1 million.

Ivanhoe’s 15 Latham ST’s address won a $5.32 million result to fill the top three results.

However, not all top lists are so successful.

1-3, Sackville Street in Kew is scheduled for $10.5 million to $11.5 million auction, but is now sold for $12 million through a private treaty.

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Kew address, scheduled for auction at 1.30 p.m., has $10.5 million – $11.5 million hope leads to Hammer’s hope.

1-3 Sackville St Home now lists private sales for a $12 million asking price.

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