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The week ending 7th August delivered a clearance rate of 90% from 391 auctions reported for the period (based on REIV data). At the same time last year, 179 auctions were reported and a clearance rate of 90% achieved. 265 homes sold at auction and 88n sold before auction, with 38 passed in. 116 properties were withdrawn from sale and another 699 auctions were postponed. The unexpected, …
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After one week of eased restrictions, Melbourne residents are facing another lockdown going into this weekend. This means that the restrictions which applied to real estate services in our fifth lockdown have been reimposed. This will no doubt have an impact on the plans of buyers and sellers over the next 7 days - and particularly this weekend. Two of the most wide-reaching restrictions for …
Melburnians may well feel as though their head is spinning with the reintroduction of stage 4 restrictions yesterday. After all, it's been a mere 7 weeks since the previous snap lockdown. However, having recently emerged Victori-ous from a lockdown involving the Delta variant, we should be confident that we will do the same this time around. Certainly, anyone seeking to buy or sell property …
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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a clearance rate of 70%. 437 homes sold at auction and 140 sold before auction, with 141 passed in. 18 properties were withdrawn from sale.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 …
Continue Reading about Melbourne Weekend Auction Results | 3rd July 2021 →
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 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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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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As announced by Victoria's Acting Premier James Merlino this morning, the state will commence a 7-day lockdown at midnight tonight. With auctions and property inspections scheduled across Victoria, this news will undoubtedly have a significant impact on the real estate sector. The updated COVID-19 restrictions give Victorians only 5 reasons to leave the home. Understandably, on-site …
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For the week ending 23rd May there were 934 auctions reported across Victoria, according to REIV data. The auction clearance rate for this period was 81%. Volume was marginally lower than the 978 auctions reported in the previous week. 609 homes were sold at auction, while 149 sold before auction, with 174 passed in. 21 properties were withdrawn from sale. For the same period last …
Continue Reading about Melbourne Weekend Auction Results | 23rd May 2021 →
During the week ending 8th May there were 1019 auctions reported across Victoria, according to REIV data - a slight decrease from the 1204 reported during the previous week. The auction clearance rate for last week reached 81%. 632 homes were sold at auction, while 192 sold before auction, with 195 passed in. 30 properties were withdrawn from sale. Data for the same period in 2020 …
Continue Reading about Melbourne Weekend Auction Results | 8th May 2021 →
