Melbourne Auction Results | 1 April 2017

Home/Auction Results/Melbourne Auction Results | 1 April 2017
Already using Social Media? Follow Amalain.com.au for the latest about tips and tricks when it comes to buying a home and hiring a buyers advocate.

Melbourne’s auction market retained its clearance rate of 80 percent on Saturday although with less than a thousand listings. The total number of listed auctions was 947 while the number of reported auctions was up to 763. A total of 672 properties were sold with total sales amounting to more than $498,176,000. The median price was $846,000.

House prices in Melbourne remain high and latest reports say the city is expected to have $1 million house median by 2018. As such, housing affordability in the area continues to be a major concern. This 2017, Melbourne’s house prices are expected to increase at a more moderate level compared to previous years.

In the regional level, Victoria recorded a clearance rate of 81 percent on Saturday was 82 percent, up by 12 percent from last year’s rate.

There were lesser auctions held at 884 but this figure is still high compared to last year’s 513 during the same weekend. Sold during auction were a total of 586 properties while 133 were sold before auction. Of the total auctions reported to the REIV, 719 were selling, 165 were passed in with 62 on a vendor bid.

The clearance rate for houses was still at 84 percent with total auction volume recorded at $719 million. The clearance rate for units and apartments remained at 77 percent.

As for private sales, Victoria recorded a higher figure at 396 with total sale volume of $272 million.

Looking to buy in Melbourne and sick of missing out at auction? Thinking of selling and wanting trusted, impartial advice and hand holding to protect your interests throughout the entire selling process? Talk to us about how WE MAKE IT EASY to buy or sell your home.

Call us now on 03 8609 1234 for a confidential free consultation.

Amalain Melbourne property finders will help you buy your investment property

By Amalain Buyer & Vendor Advocates
Copyright 2017 | All Rights Reserved

WANT TO USE THIS ARTICLE?

You can as long as you include the following (links must be active):

Amalain does all of the leg work on behalf of the buyer or seller. From sourcing, analysing, negotiating and bidding at auction for our buying clients, to choosing the most appropriate selling agent, negotiating a fair and reasonable selling commission as well as implementing the most cost effective marketing campaign for our selling clients, we offer trusted impartial advice to protect your interests throughout the entire buying or selling process. We charge a LOW FLAT FIXED FEE for our buyers. For our sellers, this service is provided FREE of charge. WE MAKE IT EASY to buy or sell your home. Call NOW for a confidential FREE CONSULTATION on 03 8609 1234 or visit www.amalain.com.au.

Why Melbourne home buyers love to work with experienced Buyer's Agent Michelle Amarant

With a passion for financial empowerment through real estate and the leverage of passive income, Michelle started investing over 17 years ago, implementing diverse investment strategies to build her portfolio. Easily able to build rapport and empathise with others, she is a master negotiator who loves challenges and problem solving. Michelle’s tenacious nature and unwavering commitment to achieving the task at hand ensures that her clients always achieve the best possible outcome. Call NOW for a confidential FREE CONSULTATION on 03 8609 1234 or visit www.amalain.com.au.

Why Melbourne home buyers love to work with home finder Wendy Chamberlain

Wendy is an avid real estate investor with nearly two decades of experience in buying and selling her own properties applying multiple investment strategies. Her expertise, knowledge and skill at negotiation dovetails perfectly with her passion as a buyer and vendor advocate. Her upfront, no nonsense approach ensures that her clients’ interests are always the priority when it comes to achieving success for her buyers and sellers. Call NOW for a confidential FREE CONSULTATION on 03 8609 1234 or visit www.amalain.com.au.

Disclaimer

The information on this website is educational in nature. The information is offered with the understanding that the author and publisher are not engaged in rendering medical, psychological and or financial services. The information is not intended to be a substitute for professional advice nor a substitute for legal, business, financial or tax advice. This information is general advice, as each person’s
situation is different and you should consult your advisor before taking any action. The reader assumes full responsibility if using any of the information. The authors and Amalain Pty Ltd specifically disclaim any liability resulting from the use or application of this information and the reader is advised to consult their financial advisor or broker before taking any action. Before using this website and reading the content you should read our website terms and conditions.

2017-05-19T18:18:03+00:00 April 3rd, 2017|Auction Results|0 Comments

Leave A Comment