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The week ending 31st July delivered a clearance rate of 88% from the 426 auctions reported across Victoria. (Based on REIV data). At the same time last year, 213 auctions were reported and a clearance rate of 77% was achieved. 276 homes sold at auction and 101 sold before auction, with 49 passed in. 18 properties were withdrawn from sale. 594 auctions were postponed. One particular …
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The week ending 24th July delivered a clearance rate of 94% from the 443 auctions reported across Victoria, according to REIV data. The volume of auctions was revised down from earlier reports, owing largely to the restrictions currently in place across Melbourne. At the same time last year, 293 auctions were reported and the clearance rate was 79%. 216 homes were sold at auction and 202 …
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The week ending 17th July delivered a clearance rate of 92% at auctions across Victoria, according to REIV data. There were 522 auctions reported for the period, a substantial decrease on the 960 reported for the previous week. At the same time last year, there were 251 auctions reported with a clearance rate of 80%. 315 homes sold at auctions and 163 sold before auction, with 43 passed …
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The week ending 10th July delivered a clearance rate of 80% from the 719 auctions reported across Victoria, according to REIV data. In the previous week, the clearance rate was also 80%, however volume was higher, with 935 auctions reported. 440 homes sold at auction last week, while another 131 sold before auction, with 147 passed in. 27 properties were withdrawn from sale. Among the …
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The week ending 3rd July delivered a clearance rate of 80% from 719 auctions, according to REIV data. At the same time last year, there were 362 auctions reported and a clearance rate of 70%. 437 homes sold at auction and 140 sold before auction, with 141 passed in. 18 properties were withdrawn from sale. Competition remains strong for real estate across Australia. As Rachel Wells …
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The week ending 26th June brought a sharp increase in the number of auctions across Victoria following the easing of COVID-19 restrictions. There were 924 auctions reported for the period, which is almost 45% higher than the 642 reported the previous week (based on REIV data). This time in 2020, there were 498 auctions reported across the state. The clearance rate for the week was 79%, a very …
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The week ending 19th June delivered a clearance rate of 82% (according to REIV data) from the 530 auctions that were reported across Victoria. At the same time last year, 431 auctions were reported and a clearance rate of 67% was achieved. 305 homes were sold at auction, 131 sold before auction, with 94 passed in. 31 properties were withdrawn from sale. As Nathan Mawby pointed out …
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The week ending 12th June delivered a clearance rate of 92% at auctions across Victoria (based on REIV data) as the state emerged from lockdown for the Queen's Birthday long weekend. Volume was substantially lower than in previous weeks, with just 222 auctions reported for the 7-day period. 134 homes were sold at auction, another 71 sold before auction, and 17 auctions were passed in. …
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The week ending 5th June brought strong results at auctions across Victoria, with a 96% clearance rate according to REIV data. 565 auctions were reported for the period. 258 home sold at auction and 284 prior to auction, with 22 passed in. The market remains subdued due to the ongoing lockdown, which is significantly affecting volume. 231 properties were withdrawn from sale across the …
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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 …
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