• Number of auctions reaches the highest in the spring season but not yet comparable to previous year’s one
  • Auction clearance stands robust above 60% and 70% for the 24th and 15th consecutive weeks respectively, with 76%, 75%, and 85% from all three sources
  • Research was conducted over the auction history data and shows no obvious relation between number of auctions and auction prices, which is quite understandable as purchasers are individuals who have individual interest over individual property
Weekly Auction Clearance and Sales Results Melbourne

REIV

  • 76% Clearance rate of 1066 Auctions
  • 76% Clearance rate of 812 auctions held last week
  • 54% Clearance rate of 1475 auctions held this time last year
  • Detail
    • 685 Sold at Auction
    • 130 Sold before Auction
    • 0 Sold after Auction
    • 186 Private Sales
    • 251 Passed In
    • 104 Passed in Vendor Bid
    • 22 Withdrawn
    • 42 Postponed
    • 465 No Results
    • 79% Clearance for Houses
    • 73% Clearance for Units
    • $876M Total Auction Volume
    • $131M Total Private Sales Volume
Auction and Private Sales Results Highlights - Victoria - 26 October 2019

Domain

  • 75% Clearance
  • 50% this time last year
  • Detail
    • 1403 Listed Auctions
    • 1038 Reported Auctions
    • 813 Sold
    • 43 Withdrawn
    • 225 Passed In
    • $885,000 Median
    • $646.2M Total Volume

Realestate

  • 85% Clearance rate for 1053 Auction Results
  • Detail
    • 1489 Auction scheduled
    • 885 Sold at Auction
    • 11 Withdrawn
    • 9 Sold prior to Auction
    • 145 Passed In
    • 3 Sold after Auction
  • 1046 Private Sales

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