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Melbourne's auction clearance rate improved to 65 percent on Saturday from the previous weekend's 60 percent. After a slow Queen's birthday long weekend, more listings were noted. CoreLogic's auction analyst Kevin Brogan cited the interest rate cut along with the retention of negative gearing and capital gains tax concessions for investors contributed to the positive condition over the weekend. …
Continue Reading about Melbourne Auction Results | 15th June 2019 →
Melbourne's auction market recorded a clearance rate of 60 percent over the weekend. Many first homebuyers felt being left out as more investors and international buyers took part in the auctions. The number of scheduled auctions was still low at 173 while the number of reported auctions was 125. The number of properties sold was 82 with total sales amounting to more than $45,660,000. The …
Continue Reading about Melbourne Auction Results | 8th June 2019 →
Melbourne's auction market recorded an improved clearance rate of 63 percent on Saturday, up from the previous weekend's 57 percent. Multimillion-dollar sales were noted in several capital cities over the weekend including Melbourne, Sydney and Brisbane. The number of scheduled auctions was down to 389 from 489 from while the number of reported auctions was 278. The number of properties sold …
Continue Reading about Melbourne Auction Results | 18th May 2019 →
Melbourne's auction market recorded a 57 percent clearance rate on Saturday, down from 61 percent the previous weekend. The number of scheduled auctions also dropped to 489 from while the number of reported auctions was 326. The number of properties sold was down to 190 with total sales amounting to more than $130,424,000. The median price in the area was pegged at $725,000. The low …
Continue Reading about Melbourne Auction Results | 11th May 2019 →
Melbourne's auction clearance rate has improved to 61 percent over the weekend from the over 50.4 percent level in the month of April. Since the start of 2019, clearance rates have remained steady within the 40-50 percent range. The number of scheduled auctions on Saturday was 589 while the number of reported auctions was 353. The number of properties sold was 222 with total sales amounting to …
Continue Reading about Melbourne Auction Results | 4th May 2019 →
Melbourne's auction clearance rate slightly went down to 54 percent from last weekend's 56 percent. The number of scheduled auctions on Saturday was also down to 750 from the previous week's 775. The number of reported auctions was 495. The number of properties sold was 282 with total sales amounting to more than $186,318,000. The median price in the area was pegged at $730,000. The Domain …
Continue Reading about Melbourne Auction Results | 13th April 2019 →
Melbourne's auction clearance rate improved to 56 percent over the weekend from last week's 51. The number of scheduled auctions on Saturday was 775 while the number of reported auctions was 584. One of the factors behind the increase in auction sales was the lack of new homes. The number of properties sold was 334 with total sales amounting to more than $239,048,000. The median price in the …
Continue Reading about Melbourne Auction Results | 6th April 2019 →
Melbourne recorded a lower auction clearance rate of 51 percent over the weekend. The number of scheduled auctions on Saturday was 803 while the number of reported auctions was 589. Real estate agents that although the clearance rate was lower compared to the previous weekend's rates, around 70 to 80 percent of properties sell within a week of a booked auction. The number of properties sold …
Continue Reading about Melbourne Auction Results | 30th March 2019 →
Melbourne recorded a 56 percent auction clearance rate over the weekend. The number of scheduled auctions on Saturday was 744 while the number of reported auctions was 549. Many of the properties sold were transacted after being passed in. The number of properties sold was 322 with total sales amounting to more than $192,834,000. The median price in the area was pegged at $765,000. In demand …
Continue Reading about Melbourne Auction Results | 16th March 2019 →
Melbourne recorded a low auction clearance rate of 44 percent over the weekend. This was an improvement as the clearance rates fell below 40 percent on four weekends this spring. The number of scheduled auctions on Saturday was 1,057 while the number of reported auctions was 755. The number of properties sold was 353 with total sales amounting to more than $204,357,000. As for the median price …
Continue Reading about Melbourne Auction Results | 8th December 2018 →
