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Victoria's lockdown, which came into effect last Thursday at 11:59PM, brought significant disruption to the real estate sector, particularly given the abruptness of the announcement. Nevertheless, the auction clearance rate for the week ending 29th May was 93% according to REIV data. Prior to the lockdown announcement, last weekend was forecast to be "Melbourne's second-biggest …
Continue Reading about Melbourne Weekend Auction Results | 29th May 2021 →
For the week ending 23rd May there were 934 auctions reported across Victoria, according to REIV data. The auction clearance rate for this period was 81%. Volume was marginally lower than the 978 auctions reported in the previous week. 609 homes were sold at auction, while 149 sold before auction, with 174 passed in. 21 properties were withdrawn from sale. For the same period last …
Continue Reading about Melbourne Weekend Auction Results | 23rd May 2021 →
For the week ending 15th May there were 978 auctions reported across Victoria, according to REIV data. The auction clearance rate for this period was 82%. Volume was slightly down from the 1281 auctions reported in the previous week. 635 homes were sold at auction, while 171 sold before auction, with 172 passed in. 46 properties were withdrawn from sale. For the same period last …
Continue Reading about Melbourne Weekend Auction Results | 15th May 2021 →
During the week ending 8th May there were 1019 auctions reported across Victoria, according to REIV data - a slight decrease from the 1204 reported during the previous week. The auction clearance rate for last week reached 81%. 632 homes were sold at auction, while 192 sold before auction, with 195 passed in. 30 properties were withdrawn from sale. Data for the same period in 2020 …
Continue Reading about Melbourne Weekend Auction Results | 8th May 2021 →
The week ending 1st May saw an increase in the volume of auctions listed compared with the previous week. According to REIV data, 970 auctions were reported across Victoria and a clearance rate of 81% was achieved. 609 homes were sold at auction while 179 sold before auction, with 182 passed in. 32 properties were withdrawn from sale. Data for the same period in 2020 is limited due …
Continue Reading about Melbourne Weekend Auction Results | 1st May 2021 →
The final weekend in April was another busy one for Victoria's real estate market, with 704 auctions reported and a clearance rate of 80% according to REIV data. Volume was more than 30% lower than the week before, which saw 1104 auctions across Victoria. The ANZAC Day long weekend generally brings lower volume to the market. While data is limited for the same period last year (due …
Continue Reading about Melbourne Weekend Auction Results | 24th April 2021 →
The week ending 17th April delivered strong results in Victoria's auction market, with a clearance rate of 86% according to REIV data. 907 auctions were reported during the period. At the same time last year, a mere 149 auctions were reported while the state was dealing with the first wave of the pandemic, with a clearance rate of 75% for that period. 613 homes were sold at auction …
Continue Reading about Melbourne Weekend Auction Results | 17th April 2021 →
The week ending 11th April saw the number of auctions reported across Victoria rise to 778 (according to REIV data), a quick rebound from the 173 listed in the week leading up to Easter. The clearance rate for the week was 80%. 481 homes were sold at auction and 140 sold before auction, with 156 passed in. 35 properties were withdrawn from sale. The REIV's Residential Market …
Continue Reading about Melbourne Weekend Auction Results | 11th April 2021 →
Due to the Easter long weekend, the week ending 3rd April closed with an expected drop in the number of auctions across Victoria. According to Realestate.com.au, 201 auctions were reported throughout the state last week. The clearance rate was 87%, which remains on par with the very high demand this year for real estate throughout Australia. 108 homes were sold at auction, none were …
Continue Reading about Melbourne Weekend Auction Results | 3rd April 2021 →
The week ending 27th March saw a massive 1438 auctions reported across Victoria (based on REIV data) as the market ramped up for the weekend final before Easter. The clearance rate for the week was 85%. At the same time last year, it was 90%. 956 homes were sold at auction and 270 sold before auction, with 212 passed in. 16 properties were withdrawn from sale. Reserves continue …
Continue Reading about Melbourne Weekend Auction Results | 27th March 2021 →
