Highest Sale of the Month Shows Comparable Impact Across Northcote Streets

A four-bedroom weatherboard at 22 Union Street fetched $2.45 million at auction on 5 July, the highest single result recorded in Northcote so far this month.

The sale arrived as weekend clearance rates held at 68 percent, down four points from the same period last year, leaving agents to test whether the Union Street price will lift nearby reserves or simply widen the gap between top-tier and mid-range stock.

Properties within walking distance of Northcote Town Hall and the Northcote Aquatic Centre drew the strongest interest, with three of the five homes offered in those blocks finding buyers under the hammer.

CoreLogic data released this week showed the median Northcote house price at $1.72 million, a figure the Union Street result now exceeds by 42 percent and which local valuers say will be used as a benchmark for any four-bedroom homes listed before the spring rush.

Comparable Listings Under Review

Two other Union Street homes, both four-bedroom period houses, are scheduled for auction in the next fortnight with revised price guides of $2.1 million to $2.3 million. Agents at the weekend noted that buyers who missed 22 Union Street had already inspected those addresses and requested updated comparable schedules.

Further east along High Street, a renovated three-bedroom terrace sold for $1.68 million, a result that sat 12 percent above its reserve and which now serves as the nearest recent guide for smaller lots in the same street.

Clearance across the 14 auctions tracked by The Daily Northcote last Saturday reached 68 percent, with the median sale price for cleared lots landing at $1.81 million.

Practical Steps for Owners and Buyers

Sellers preparing August listings are advised to supply valuers with the Union Street contract details before finalising reserves. Buyers holding pre-approval should instruct their agents to run fresh comparable searches focused on the 3000 and 3070 postcodes rather than relying on June figures alone.

Those planning to bid in the next four weeks can register interest directly with the selling agents handling the two remaining Union Street properties to receive updated bidder numbers ahead of the next auction round.

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.