The week ending the 12th February, 2022 saw 1082 Melbourne properties scheduled for auction. Of these, 440 properties were sold and 126 were passed in. Five properties sold after auction and four prior to auction. This was a clearance rate of 78% based on 575 auction results available (according to realestate.com.au data) . This is a slight decrease from last week’s clearance rate of 82% and well below this time last year, which had a clearance rate of 94%, according to the Real Estate Institute of Victoria.
Despite the Omicron wave in Melbourne, the property market is off to a strong start and according to realestate.com.au, January 2022 has been the busiest for new listings since January 2011. It is anticipated that February will see a notable rise in auction listings by the end of the month, as the property market continues to pick up again.
Did you know that we offer a bid at auction Service? Chamberlain Property Advocates can go through the auction process with you and we can bid at auction on your behalf to your pre-determined and agreed written figure, to secure your chosen property. We will take the emotion out of the property purchasing process for you and help you every step of the way.
Talk to me about how I can help you buy your new home faster, for less.
We do offer our negotiate service for those buyers in the market looking to pounce on opportunities that arise. Get in touch if you’d like to know more.
Ask about our Home Buyer Search and Acquisition Service, where we do all of the legwork on your behalf to MAKE IT EASY to secure your new home.
Give me a call on 03 9686 2288 to discuss how I can help. I offer a free consultation, so why not call today?
By Wendy Chamberlain
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With a passion for all things real estate spanning over 20 years, Wendy loves that her role as a Buyers Agent or Sellers Advocate gives her buying and selling clients an experienced voice they can trust when it comes to negotiating to buy or sell something as important as their home or investment. Wendy considers it a privilege to be asked to help others realise such an important goal as home ownership and to be trusted with that honour. Get in touch today via www.chamberlainadvocates.com.au for a no obligation chat about how Wendy can work with you and help you save time and money to secure your new home sooner.
