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PHOTO:\u00a014 Neath Street, Surrey Hills.\u00a0Photo:\u00a0Fletchers Blackburn<\/span><\/strong><\/p>\n Melbourne\u2019s property market had some huge results at the weekend, but one agent has warned that prices could be set to flatten in the coming weeks as the festive season nears.<\/p>\n After the weekend\u2019s 1129 auctions, Melbourne\u2019s preliminary clearance rate sat at 72.8 per cent with 814 reported results received.<\/p>\n AMP Capital chief economist Shane Oliver said Melbourne\u2019s results continued to be strong, though not as strong as Sydney\u2019s, whose clearance rate sat above 75 per cent.<\/p>\n \u201cIt\u2019s hanging in there around 70 per cent which is not as strong as at the height of the boom [in 2017],\u201d Dr Oliver said. \u201cI think it\u2019s consistent with the ongoing strength of prices.\u201d<\/p>\n Kay & Burton Armadale partner\u00a0Michael Armstrong<\/a>\u00a0said while there were some strong prices at auction, vendors needed to be aware prices could flatten heading towards the end of the year.<\/p>\n READ MORE VIA DOMAIN\u00a0<\/a><\/p>\n