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Craigieburn Auction Results: This Weekend's Standout Results and What Sold Above Reserve
Multiple homes cleared their reserves on July 6 with final bids exceeding expectations by up to $45,000.
How we reported this
Three Craigieburn properties sold above reserve during weekend auctions, led by a four-bedroom house on Hanson Road that fetched $812,000.
The result comes as local clearance rates reached 71 percent for the first time since April, driven by steady buyer turnout at 14 scheduled auctions. Sellers who listed in the past month benefited from tighter stock levels after several listings were withdrawn earlier in winter.
Local sales exceed expectations
The Hanson Road home, located two blocks from Craigieburn Gardens, drew eight registered bidders and settled $38,000 over its $774,000 reserve. Two streets away on Bridgewater Crescent, a townhouse near the Craigieburn Community Centre cleared at $695,000, $29,000 above reserve. A third result at a unit on Johnstone Street close to Hume City Council offices sold for $512,000 after the reserve was met within the first three bids.
These outcomes sit against a market where 22 auctions were held across Craigieburn and nearby pockets last weekend. Data from the local real estate institute showed 15 of those 22 properties found buyers, producing the 71 percent clearance figure. Average days on market for cleared lots stood at 19, down from 24 recorded in the same period last year.
Buyers weigh next steps
Agents reported fresh listings entering the system this week ahead of the July 13 auction round. Prospective buyers should check updated reserve ranges on properties near Craigieburn Railway Station and review finance pre-approvals before inspecting homes listed through the Hume Real Estate Association portal. Early inspection of comparable sales on Hanson Road and Bridgewater Crescent can help gauge bidding thresholds for the coming weekend.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.