• It is the second to last major auction weekend in 2019
  • Though more properties on the market this week, auction clearance was higher, continuing standing robust above 60% and 70% for the 30th and 21th consecutive weeks respectively, with 78%, 74%, and 79% from all three sources
  • Australian housing market is strong but the overall economical conditions are not promising
  • Reserve bank is considering to drop the interest rate to 0.25% by April 2020 and there is possibility on a QE round as well
Weekly Auction Clearance and Sales Results Melbourne

Property Market Overview
  • Auction volumes are more than 40% higher than the same time last year, with Melbourne of 43.8% and Sydney of 46.6% increases
  • Median house prices are also 11.8% and 9.3% up for Melbourne and Sydney than a year ago
  • Number of listings are 6.6% and 9.1% higher in two major cities as well
  • All above figures indicate a strong property markets for Melbourne and Sydney
  • However, as mentioned previously the economy is still weak and the wage level has been halted for years, meaning less buying power in purchasers’ hands
  • Reserve Bank is considering to lower the interest rate down to 0.25% before April 2020 and a round of Quantitative Easing (QE) may be implemented in 2020
Melbourne Weekly Auction Clearance – 07 Dec 2019

REIV

  • 78% Clearance rate of 1027 Auctions
  • 78% Clearance rate of 1122 auctions held last week
  • 47% Clearance rate of 1089 auctions held this time last year
  • Detail
    • 637 Sold at Auction
    • 162 Sold before Auction
    • 0 Sold after Auction
    • 219 Private Sales
    • 228 Passed In
    • 91 Passed in Vendor Bid
    • 30 Withdrawn
    • 15 Postponed
    • 370 No Results
    • 77% Clearance for Houses
    • 79% Clearance for Units
    • $796M Total Auction Volume
    • $160M Total Private Sales Volume
Auction and Private Sales Results Highlights - Victoria - 07 December 2019

Domain

  • 74% Clearance
  • 45% this time last year
  • Detail
    • 1282 Listed Auctions
    • 944 Reported Auctions
    • 739 Sold
    • 58 Withdrawn
    • 205 Passed In
    • $871,000 Median
    • $569.8M Total Volume

Realestate

  • 79% Clearance rate for 860 Auction Results
  • Detail
    • 1337 Auction scheduled
    • 653 Sold at Auction
    • 11 Withdrawn
    • 17 Sold prior to Auction
    • 169 Passed In
    • 10 Sold after Auction
  • 1062 Private Sales

IL Visual provides premium quality and affordable 3D Rendering and Architectural Visualisation solutions for our clients. Starting from couple hundreds of dollars, client can get vivid 3D Photorealisic Images for 3D Exterior Rendering, 3D Interior Rendering, 2D/3D Coloured Floor Plan and Panorama 360 .

Coloured 3D Floor Plan II Double Storey Townhouse with Furniture

Click here to send us your plans for Free Quotation to turn your designs from numbers and lines into vivid images and get better rewards from your project.