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Melbourne’s auction market recorded a clearance rate of 81 percent on today with more than a thousand listings. The total listings numbered 1,245 while the number of reported auctions also went up to 932. A total of 768 properties were sold and total sales reached more than $567,707,000. The median price was $819,000.
The home auction market in Melbourne achieved its highest clearance rate for a month last weekend despite the school holiday. This weekend, the western suburbs had the most number of auctions at 239 followed by the outer east, north east and inner urban.
In regional Victoria, the clearance rate achieved was still 81 percent with more than a thousands auctions held. The total auctions held was 1,099 compared to 744 during the same weekend last year. Properties sold during totaled 727 while 161 were sold before auction and six after auction. Of the total auctions reported to the REIV, 894 were selling, 205 were passed in with 89 on a vendor bid.
The clearance rate for houses increased to 85 percent with total auction volume at $802 million. The clearance rate for units and apartments dropped to 74 percent.
As for private sales, Victoria recorded 364 with total sale volume of $271 million.
This year, more than 8,500 homes have already been auctioned with 80 percent selling during auction. The outer suburbs make up 25 percent of all metropolitan auctions.
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.
By Amalain Buyer & Vendor Advocates
Copyright 2017 | All Rights Reserved
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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.
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.
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.
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