buyers advocate

Melbourne’s auction market achieved a 73 percent clearance rate on Saturday, lower than last weekend’s 77 percent. The number of listed auctions went up to 1,101 while there were 811 reported auctions. A total of 595 properties were sold compared to last weekend’s 87 properties. Total sales amounted to more than $451,844,000 while the median price went up to $802,000 from last week’s …

Continue Reading about Melbourne Auction Results | 11th November 2017 →

The auction market in Melbourne recorded a significant improvement on Saturday with 77 percent clearance rate, up from last weekend’s 72 percent. The auction volume was down to 182, a huge drop from last week’s 1,269 reported auctions. This was expected due to the yearly Melbourne Cup which normally reduces activity in the auction market. There were a total of 108 reported auctions with 87 …

Continue Reading about Melbourne Auction Results | 4th November 2017 →

Melbourne’s auction market recorded a clearance rate of 72 percent on Saturday, slightly lower than last weekend’s 75 percent and below the 83.7 percent achieved during the same weekend last year. The auction volume went up significantly to 1,695 from the 1,055 figure last week with more homebuyers taking part as property listings surged. The total number of reported auctions was 1,269 and of …

Continue Reading about Melbourne Auction Results | 28th October 2017 →

Melbourne’s auction market achieved a clearance rate of 75 percent on Saturday, just one percentage point lower than last weekend’s 76 percent and below the 83.7 percent achieved during the same weekend last year. The auction volume went up slightly to 1,055 from last week’s 1,035. The total number of reported auctions was 747 and of that number, 565 properties were sold and 11 were withdrawn. …

Continue Reading about Melbourne Auction Results | 21st October 2017 →

Melbourne’s auction market improved its clearance rate on Saturday with 76 percent compared to last weekend’s 74 percent. The auction volume went up to 1,035. The total number of reported auctions was also up with 782 from last weekend’s 667. Of that number, 603 properties were sold and 11 were withdrawn. Total sales amounted to more than $498,975,000. The median price recorded went up to …

Continue Reading about Melbourne Auction Results | 14th October 2017 →

Melbourne’s auction market on Saturday recorded a clearance rate of 74 percent. As expected, this rate is lower than last weekend’s 79 percent although the number of scheduled auctions was up at 944 compared to last Saturday’s 50. With regards to the number of reported auctions, there was a total of 667. Of that number, 503 properties were sold and 10 were withdrawn. Total sales amounted to …

Continue Reading about Melbourne Auction Results | 7th October 2017 →

Despite having a lower auction volume on Saturday, Melbourne achieved a higher clearance rate of 79 percent. This figure is up from last weekend’s 76 percent. The number of scheduled auctions, however, was down to 50 from last weekend’s 1,160 during the Super Saturday due to the AFL grand final. This is also similar to the 52 auctions held over the same weekend last year. There were a total of …

Continue Reading about Melbourne Auction Results | 30th September 2017 →

Melbourne had a higher auction volume today and maintained its clearance rate of 76 percent similar to last weekend. The number of scheduled auctions went up to 1,160 compared to last weekend’s 1,066. A total of 653 properties were sold today with total sales amounting to more than $486,786,000. The number of reported auctions was 844 while the median price recorded was down to $800,000. In …

Continue Reading about Melbourne Auction Results | 23rd September 2017 →

Melbourne achieved a higher auction clearance rate of 76 percent on Saturday compared to last weekend’s 73 percent. The number of scheduled auctions was also up at 1,066 while the number of reported auctions was 819. A total of 629 properties were sold over the weekend with total sales amounting to more than $496,065,000. The median price recorded was $881,000. This figure was higher then the …

Continue Reading about Melbourne Auction Results | 16th September 2017 →

Melbourne's auction market recorded a 73 percent clearance rate on Saturday, lower than last weekend's 75 percent but with more scheduled auctions. Data from CoreLogic showed that of the 974 properties listed for auction, 576 sold during auction, 125 sold prior to auction and 11 sold after auction. Melbourne is still an undersupplied housing market due to recent strong house price growth, …

Continue Reading about Melbourne Auction Results | 9th September 2017 →