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Melbourne recorded a 69 percent auction clearance rate on Saturday, up from last weekend’s 66 percent. The auction volume remained high at 1,320 while the number of reported auctions was 887. The number of properties sold was 629 with total sales amounting to more than $474,108,000. The median price recorded was $760,000. Real estate experts are seeing a slide in Melbourne’s auction market. …

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

Melbourne achieved a lower auction clearance rate on Saturday at 66 percent from last weekend’s 68 percent. The auction volume was at a high of 1,511 while the number of reported auctions was 1,057. The number of properties sold was 721 with total sales amounting to more than $564,445,000. The median price recorded was $775,000. First homebuyers continue to dominate the Melbourne housing …

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

Melbourne’s auction clearance rate improved to 68 percent on Saturday from last weekend’s 66 percent. The number of listed auctions was down to 1,366 while the number of reported auctions was 995. The number of properties sold was 685 from last weekend’s 718 with total sales amounting to more than $520,023,000. The median price was $819,000. Despite the rain, Melbourne’s southern and …

Continue Reading about Melbourne Auction Results | 2nd December 2017 →

Melbourne’s auction clearance rate slipped to 66 percent on Saturday, way below last weekend’s 72 percent. The number of listed auctions further went up to 1,446 from 1,407 last weekend while the number of reported auctions followed the same trend with 1,063. A total of 718 properties were sold with total sales amounting to more than $554,367,000. The median price was $830,000. Home values …

Continue Reading about Melbourne Auction Results | 25th November 2017 →

Melbourne recorded a 72 percent auction clearance rate on Saturday, slightly lower than last weekend’s 73 percent. The number of listed auctions further went up to 1,407 or 406 more from last weekend while the number of reported auctions was also up at 961. A total of 717 properties were sold with total sales amounting to more than $603,475,000. The median price went up to $850,000. Baby …

Continue Reading about Melbourne Auction Results | 18th November 2017 →

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 →