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The week ending 1st May saw an increase in the volume of auctions listed compared with the previous week. According to REIV data, 970 auctions were reported across Victoria and a clearance rate of 81% was achieved. 609 homes were sold at auction while 179 sold before auction, with 182 passed in. 32 properties were withdrawn from sale. Data for the same period in 2020 is limited due …
Continue Reading about Melbourne Weekend Auction Results | 1st May 2021 →
The final weekend in April was another busy one for Victoria's real estate market, with 704 auctions reported and a clearance rate of 80% according to REIV data. Volume was more than 30% lower than the week before, which saw 1104 auctions across Victoria. The ANZAC Day long weekend generally brings lower volume to the market. While data is limited for the same period last year (due …
Continue Reading about Melbourne Weekend Auction Results | 24th April 2021 →
The week ending 11th April saw the number of auctions reported across Victoria rise to 778 (according to REIV data), a quick rebound from the 173 listed in the week leading up to Easter. The clearance rate for the week was 80%. 481 homes were sold at auction and 140 sold before auction, with 156 passed in. 35 properties were withdrawn from sale. The REIV's Residential Market …
Continue Reading about Melbourne Weekend Auction Results | 11th April 2021 →
Due to the Easter long weekend, the week ending 3rd April closed with an expected drop in the number of auctions across Victoria. According to Realestate.com.au, 201 auctions were reported throughout the state last week. The clearance rate was 87%, which remains on par with the very high demand this year for real estate throughout Australia. 108 homes were sold at auction, none were …
Continue Reading about Melbourne Weekend Auction Results | 3rd April 2021 →
The week ending 27th March saw a massive 1438 auctions reported across Victoria (based on REIV data) as the market ramped up for the weekend final before Easter. The clearance rate for the week was 85%. At the same time last year, it was 90%. 956 homes were sold at auction and 270 sold before auction, with 212 passed in. 16 properties were withdrawn from sale. Reserves continue …
Continue Reading about Melbourne Weekend Auction Results | 27th March 2021 →
The week ending 27th February again saw homebuyers out in force, with the REIV recording an 84% clearance. This time last year the clearance rate was 78%. This result is based on 882 auctions reported across Melbourne. 558 homes were sold at auction and 185 were sold before auction, with 139 passed in. 15 properties were withdrawn from sale. The level of buyer activity across …
Continue Reading about Melbourne Weekend Auction Results | 27th February 2021 →
The five-day snap lockdown announced by Premier Dan Andrews yesterday brings significant implications for the real estate industry. Referred to as a 'circuit-breaker' that will hopefully avoid a third-wave of COVID-19 in Victoria, the lockdown means that the following restrictions apply: no on-site property inspections auctions must be online only A more comprehensive …
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A 70 percent clearance rate was achieved over the weekend during auctions in Melbourne. A total of 1,479 properties were listed and 1,169 reported. Of that figure, 837 properties were sold with a total sales volume of more than $614 million. In the state of Victoria, the weekend auction recorded a 70 percent clearance rate with a total of 1,663 auctions scheduled. Sold prior to auction were …
Continue Reading about Melbourne Auction Results | 24 October 2015 →
This AFL Grand Final weekend, Melbourne achieved a 56 percent clearance rate. A total of 51 properties were listed, 31 were reported and 18 were sold yesterday with a median price of $801,000. This weekend's clearance rate was much lower than last weekend's 73 percent. The rate has also been going down since September. The low auction clearance rate can be attributed to the enthusiasm of …
Continue Reading about Melbourne Auction Results | 3 October 2015 →
This weekend's auctions in Melbourne recorded a 75 percent clearance rate. A total of 612 properties were sold, 811 were reported and 995 were listed with a median price of $816,000. In Victoria, a 76 percent clearance rate was recorded this weekend. A total of 944 auctions were reported to the Real Estate Institute of Victoria (REIV) with 716 selling and 228 being passed in. Of those passed …
Continue Reading about Melbourne Auction Results | 19th September 2015 →
