Melbourne Auction Results | 8 April 2017

//Melbourne Auction Results | 8 April 2017
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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.

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2017-05-19T18:18:01+00:00 April 9th, 2017|Auction Results|0 Comments

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