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Category : Weekly Auction Update

COVID-19 Impact and Weekly Property Clearance – 28 March 2020

– Prime Minister Scott Morrison issued an Auction and Open House Inspection Ban on Tuesday evening, coming into effect from midnight Wednesday 25 March 2020.

– This auction and open for inspection ban put a ‘NO’ sign on more than 2,700 properties in Melbourne for next three weeks which means no public open inspections and onsite auctions. However, private one-on-one inspection is still allowed.

– This weekend was the first round of online auctions. Though some vendors advised their agents to bring auctions forward before the ban came into effect, some pulled properties back given the current COVID-19 uncertainty, some other vendors still need to sell their properties via online auctions thanks to technologies.

– Though some buyers pulled back as well due to the risk of job losses and income shrinks, some other buyers still have strong purchasing demands.

– In following three weeks or perhaps even longer time, market may not experience sharp price downturn. However we will see lower volume and quieter market activity. The price may halt at current or a bit lower level (4% – 8%).

– If COVID-19 not under control in next 1-2 months and unemployment rate soaring, we may see further drop down on market price of 10% – 12%.

Weekly Property Auction Clearance – 21 March 2020

– Melbourne’s property market this weekend has slightly higher number of auctions.

– Due to fears and pressures from COVID-19 pandemic, however, this week’s auction clearance dropped from 70% range to 60% mark, 66%, 62%, and 65% from all three sources.

– The COVID-19 pandemic effect had been observed in both Sydney and Melbourne, the two largest property market nationally, and we believe it will continues spreading in next one or two months.

– The winter may not come yet, but the summer time for the property market will likely end sooner than expected this year.

Australian Market Overview and Weekly Property Auction Clearance – 14 March 2020

– Melbourne’s property market came back from last week’s long weekend holiday, with around 1,000 properties went under the hammer.

– This week’s auction clearance was a mixed result, 72%, 68%, and 75% from all three sources, indicating the property market started to taking the effect from fears and pressures from COVID-19 national pandemic situation.

– Australian and global stock markets are on fast down tracks. Australian dollar dropped to its lowest in last 11 years. Economy slows down significantly due to the pandemic outbreak.

– The recent uptrend of property market may see a slowing down or even halted in next few weeks. In next 3-6 months, the vendors will gain the similar feelings that they had in 2017-2018.

– However, a quick look at China’s situation, we will believe once COVID-19 is under control, with government further stimulus on economy, it is highly likely to see the property market will start to pickup its pace and back to the uptrend.

Melbourne Weekly Auction Clearance – 07 March 2020

– Due to the Labour Day long weekend, the number of auctions dropped significantly in Melbourne with less than 400 properties under the hammer.

– The results for Melbourne were 70%, 69%, and 75% from all three sources. The drop of rates were from long weekend and possible adverse impact from the virus outbreak.

– Sydney’s auction numbers were lower than previous week’s one as well, but still scored a 80% preliminary clearance.

– There is no double that market is in uptrend. However how much the virus outbreak will affect the property market, especially the second hand property auctions, remain unknown.

– If the virus goes beyond the control and become an epidemic issue nationally, the fear of the risk of potential infection may prevent buyers attending open for inspections and auctions, bringing more pressures on second hand properties.

– An epidemic level spread may also stop people from going to works, which also stop buyers to spend their budgets on houses.

Melbourne Weekly Auction Clearance and February Property Market Overview- 29 Feb 2020

– Melbourne’s property market has survived from its second first major auction test in 2020, with around 1,400 properties went under the hammer.

– There was no doubt that this week’s auction clearance was a boom time result, firmly standing above 70%, 79%, 77%, and 81% from all three sources.

– Corona virus outbreak start to impact on building and construction industry, especially in its supply chain. Lack of materials and delay of time will further lead to the increase of property price.

– In the past February, the whole nation experienced a 1.1% surge on house price index. More properties on market now and the demand from buyers are even stronger.

– Media’s expectation of another interest cut from RBA in its tomorrow monthly meeting is high. However we are conservative over this topic, as there is no sign of better economy and the risk of another round of property bubble is on the fringe.

Melbourne Weekly Auction Clearance – 22 Feb 2020

– Melbourne’s property market has not only survived from its first major auction test in 2020, with 1,000 plus properties went under the hammer today, but also obtained a beautiful score in the test.

– This week’s auction clearance was firmly stood above 70%, 80%, 79%, and 79% from all three sources, observing no declining on figures though extra 50% more homes went into this week’s auction.

– Following home buyers’ steps, investors are starting to come back into the market with some confidence on market conditions and lending criteria

– There is no doubt that Melbourne’s property prices are now on fast track moving upwards. With more properties sold hundreds of thousand dollars above the reserves.

– The only question is how long this heat will last this time? The national unemployment rate rose from 5.1 to 5.3 per cent in January and wage growth remains low, which put more pressures on housing affordability.

– The next auction weekend on 29 February will be another major test with 1,386 properties scheduled to go to auction across Victoria.

– More data coming out on the government’s 5% deposit schemes, and for those interested you can find more details inside.

Melbourne Weekly Auction Clearance – 15 Feb 2020

– Both Auction Volumes and Clearance continue climbing up.

– The volume was much higher than previous week but still lower than the same time last year. Combining with less number of listings, the market will get hotter in this Autumn season.

– This week’s auction clearance was higher and firmly stood above 70%, 81%, 77%, and 79% from all three sources.

– A 46 sqm garage in Albert park was sold at $645,500. 7 bidders with 65 bids pushed it $215,500 above $430,000 reserve. The 90-year old owner bought it for $8,000 in 1980s. The $14,000 per sqm price is also well above the area’s $10,000 per sqm price mark.

– With the government’s 5% deposit schemes support and positive lending criteria, A recent survey shows more than before first home buyers are now considering to purchase their first home within 5 years.

Melbourne Weekly Auction Clearance – 08 Feb 2020

– Results started picking up as it came into the second auction week in 2020, both in volume and clearance.

– The volume stand on similar level as the same time last year, whilst the auction clearance was much higher and back to 70% and above, 80%, 74%, and 78% from all three sources.

– Federal’s 5% First Home Loan Deposits schemes had 3,000 potential buyers registered in January. The remaining 7,000 slots was released on 1 February 2020. To further support first home buyers, an additional 10,000 will be released on 1 July 2020.

– Total of 20,000 5% deposits scheme benefited buyers and potential further interest cut by the end of this financial, will provide positive stimulus to the property market.

– However, global economies are weak and may further been affected by recent coronavirus break out. All of which will impose uncertainty on the property market in 2020.

Melbourne Weekly Auction Clearance and RBA Interest Decision – Feb 2020

– This is the first auction week in 2020, though some auctions or sales happened in a week before

– As the holiday season was just over, not many properties were put on for auction this week. Still the volume was higher than the same time last year. So did the auction clearance as well

– Given the small volume for this weekend, the auction clearance result was weighted lower than usual, which are 69%, 65%, and 72% from all three sources

– The property market starts getting back, with a much faster pace. 1.2% increase in January 2020 and 5.8% up in Q4 2019. The price in Melbourne has already reached previous peak and passed

– Reserve bank in today’s first meeting in 2020 decided to keep the interest rate unchanged at 0.75% but is considering the possibility of another cut in mid 2020

Melbourne Weekly Auction Clearance – 14 December 2019

– It is the last auction weekend for 2019

– Though more properties on the market this week, auction clearance was higher, continuing standing robust above 60% and 70% for the 31th and 22th consecutive weeks respectively, with 74%, 73%, 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

Melbourne Weekly Auction Clearance – 07 December 2019

– It is the last major auction weekend and the auction volume will go down as towards Christmas and New Year

– 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

Melbourne Weekly Auction Clearance – 30 November 2019

– Number of auctions is at healthy level, just below 300 higher than previous week

– Though more properties on the market this week, auction clearance was higher, continuing standing robust above 60% and 70% for the 29th and 20th consecutive weeks respectively, with 77%, 74%, and 77% from all three sources

– Forecast on 2020 Australian Property Market are positive, looking from 2% up to 11% increase nationally.

– IL Visual would like to see a 3% – 6% mild increase nationally with Melbourne around 5% – 8% up. If price goes too fast in first half of 2020, we may see another intervention from the government.

Melbourne Weekly Auction Clearance – 23 November 2019

– Number of auctions is at healthy level, reaching higher number than the same time last year

– Auction clearance continues standing robust above 60% and 70% for the 28th and 19th consecutive weeks respectively, with 72%, 70%, and 77% from all three sources. Figures from REIV will be more reliable as only double-digit unreported results

Melbourne Weekly Auction Clearance – 16 November 2019

– Number of auctions continued increasing from last week, but still lower than the same time last year

– Auction clearance, in fact, went higher than previous week results, standing robust above 60% and 70% for the 27th and 18th consecutive weeks respectively, with 76%, 73%, and 79% from all three sources

– More details on Federal Government’s first home loan deposit scheme are explained and discussed as the scheme will start within 2 months

– Some support the scheme, saying would be greatly benefit for Australian families who are struggling buying their first homes

– Some put doubts on the advantages of buying power in scheme benefited families’ hands may further pushing up the property prices.

– Given the house price booms are on the horizon for most major cities in Australia now, we may see another round of price increase sooner than expected, as well as government’s intervention over the house market

Melbourne Weekly Auction Clearance – 09 November 2019

– Number of auctions back to normal level

– Auction clearance, though , stands robust above 60% for the 26th consecutive weeks, with 72%, 70%, and 75% from all three sources. All above 70% for the 17th consecutive weeks but two of which are on the edge of 70% mark

– This week was called by media as “Super Saturday” with about ,300 auctions held across the nation. Good results indicate Melbourne and Sydney property price on course towards new record high in the next 6 months. Canberra and Hobart area already at new peaks

– However, recently revealed Australian economy data may give a story from different side. Unemployment rate was 5.3%, 0.1% higher than expected with 19,000 job losses. Australian dollar dives to 0.6812 by the press early today, the lowest point since 15th October

– Economy continues experiencing downturn press with the emphasis on retails and salary level. This put more string on people’s wallets on daily spending as well as plans for new property purchases

– Further interest cut by RBA is now on horizon, to boost economy and improve employment, but may also create anther house price booming in 2020

Melbourne Weekly Auction Clearance – 02 November 2019

– Number of auctions is low due to Melbourne Cup Long Weekend

– Auction clearance, though not really comparable with results from other weeks, stands robust above 60% for the 25th consecutive weeks, with 74%, 68%, and 75% from all three sources. Two of which are above 70% for the 16th consecutive weeks

Melbourne Weekly Auction Clearance – 26 October 2019

– 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

Melbourne Weekly Auction Clearance and Property Market Overview – 19 October 2019

– Number of auctions is decent this week but not yet comparable to previous year’s one

– Auction clearance stands robust above 60% and 70% for the 23th and 14th consecutive weeks respectively, with 77%, 72%, and 78% from all three sources

– Melbourne property values has recorded a 1.7% increase in September, the largest monthly increase since 2015

– Recession in on the top of topic lists in the media, but will it happen? The simple answer is No

– Properties with 700,000 – 900,000 will be the key range for inner- and middle-ring suburb purchases in next 2-3 years

– 400-500K may be the hot range for outer-ring home buyers

– High-end market leads this round rebound

Weekly Auction Clearance and Sales Results – 12 October 2019 Melbourne

– Number of auctions is picking up as the spring season arrived. The figure is comparable to previous year’s one

– Auction clearance stands robust above 60% and 70% for the 22th and 13th consecutive weeks respectively, with 77%, 74%, and 75% from all three sources

– Banks refused to pass RBA’s interest cut in full

– RBA expects future cuts coming in Q4 2019 or Q1 2020, or even both

Weekly Auction Clearance and Sales Results – 05 October 2019 Melbourne

– Number of auctions is in healthy range, though lower than the same time previous year

– Auction clearance stands robust above 60% and 70% for the 21th and 12th consecutive weeks respectively, with 76%, 75%, and 75% from all three sources

– On 01 Oct 2019, the Reserve Bank decided to cut interest rate by another 25 basis to a new historic low of 0.75%. This is the third cut after cuts in June and July and means the rate has halved within four months

– More calls from the public on the government reforms to boost productivity for long-term performance, which may include tax cuts, public housing, support new start-ups, infrastructure spending, etc

Weekly Auction Clearance and Sales Results – 28 September 2019 Melbourne

– Only dozens of properties went to auction in Melbourne this weekend, due to AFL grand final long weekend

– Due to limited number of properties that went to auction, only Domain and Real Estate provided auction clearance figures by the time this article published, which are 78% and 81% respectively

– Auction clearance stands robust above 60% and 70% for the 20th and 11th consecutive weeks respectively

Weekly Auction Clearance and Sales Results – 21 September 2019 Melbourne

– Number of auctions continues increasing, so as the market confidence

– Auction clearance stands robust above 60% and 70% for the 19th and 10th consecutive weeks respectively and approaching 80%, with 79%, 79%, and 79% from all three sources

– Home loan lenders started to provide P+I for first home buyers with the rate less than 3%, will continue boost the home purchaser’s borrowing capability

– The rebound of property price is stronger than RBA’s expectation. However economy conditions continue weakening, putting down pressure over the property market which has been moving along the bullish trend

Weekly Auction Clearance and Sales Results – 14 September 2019 Melbourne

– Number of auctions continues increasing

– Auction clearance stands robust above 60% and 70% for the 18th and 9th consecutive weeks respectively, with 76%, 74%, and 79% from all three sources

– New planning clauses have been implemented in NSW state, requiring plans in Development Approval (DA) stage with more details that were used to be included in Construction Certificate (CC) stage, in order to ensure higher level matching between development plans and finished products

– More fire risk in cladding issues have been exposed in 25 apartments constructed by Hickory Group in Melbourne with the use of high fire risk cladding. The company is now under the investigation of Victoria Building Authority (VBA)

Weekly Auction Clearance and Sales Results – 07 September 2019 Melbourne

– Number of auctions approaching the amount of the same time last year as Spring season is close

– Auction clearance stands robust above 60% and 70% for the 17th and 8th consecutive weeks respectively, with 77%, 74%, and 79% from all three sources

– Auction clearance, private sales and house price data support the claim of the turnaround of Australian Property Market, however continuously weakening economy and household spending may drag the market rebound and affect its growth strength

– GDP data released from ABS last Wednesday showed 0.5% growth over the 2nd Quarter of 2019 and 1.4% over last 12 months, the slowest growing rate since GFC 2008

– Weak house and living expending for Australian households due to weak economy

– Building Approvals and construction works done continue falling

Weekly Auction Clearance and Sales Results – 31 August 2019 Melbourne

– Number of auctions shows a significant increase, indicating more potential vendors have been motivated by improving market condition and jumping into the market from overlooking

– Auction clearance stands robust above 60% for the 16th consecutive weeks, with 77%, 77%, and 78% from all three sources

– RBA keeps interest rate untouched in today’s monthly meeting, more details can be accessed in post ‘RBA Keeps Interest Rate on Hold at 1 Percent’ with more property market analysis

Weekly Auction Clearance and Sales Results – 24 August 2019 Melbourne

– Melbourne’s Auction clearance stands above 80% for the first time since last property boom. There is no doubt that the property market condition is in uptrend

– Number of auctions increased from last week, but still lower than the same time last year. It will be interesting to see what happens when spring season is coming

– Auction clearance stands robust above 60% for the 15th consecutive weeks, with 81% from all three sources
The graph above from Domain shows how the property markets are trending over national level and in Sydney and Melbourne, the largest two cities in the country

Weekly Auction Clearance and Sales Results – 17 August 2019 Melbourne

– Number of auctions increased as spring is coming, but still lower than the same time last year

– Auction clearance stands robust above 60% for the 14th consecutive weeks, with 79%, 73%, and 80% from all three sources, two of which shows 20% higher than the same time last year

– Westpac gained a landmark win against ASIC on responsible home lending case in the Federal Court

– The judgement effectively endorsed the legitimacy of the use of the Household Expenditure Measure (HEM) as a minimum living expenses benchmark in loan assessment

Weekly Auction Clearance and Sales Results – 10 August 2019 Melbourne

– Number of auctions continues being at low levels

– Auction clearance stands robust above 60% for the 13th consecutive weeks, with 76%, 70%, and 75% from all three sources

– Compare to the same time last year, auction clearance rates are now 10% or more above

– Melbourne experienced severe winter storm this Saturday, but the auction results were still robust, reflecting the continuously improving market condition

– Home finance providers gradually lifting up the lending criteria for first home buyers, who also continue benefiting from government support of first home owner grants or bonuses

– Spring season is coming. Given low interest rate, easing lending conditions, it will be interesting to see if first home buyers being overwhelmed by the investors this time

Weekly Auction Clearance and Sales Results – 03 August 2019 Melbourne

– Number of auctions continues being at low levels

– Auction clearance stands robust above 60% for the 12th consecutive weeks and now firmly above 70% mark, with 76%, 75%, and 74% from all three sources

– Compare to the same time last year, auction clearance rates are now 10% or more above

– Construction approvals for multi-dwellings are still at low level

– Following Steller Group, one of the largest local developers in Melbourne who decided to sell off its pipeline of projects in May and went to administration, Ralan Group, the largest private developer in Australia, collapsed with owing $500 million and called in administrators this week

Weekly Auction Clearance and Sales Results – 27 July 2019 Melbourne

– Number of auctions continues being at low levels. Sellers are still waiting for it to be more clearer in trend before jumping into the market

– Auction clearance stands robust above 60% for the 11th consecutive weeks and now firmly above 70% mark, with 73%, 74%, and 71% from all three sources

– Compare to the same time last year, auction clearance rates are now 10% or more above, showing the market condition continues improving since last Federation election in May

Weekly Auction Clearance and Sales Results – 20 July 2019 Melbourne

– Number of auctions continues to be at low level

– Auction clearance stands robust above 60% for the 10th consecutive weeks and now firmly above 70% mark, with 71%, 74%, and 78% from all three sources

– NAB’s Q2 2019 research on residential properties shows that NAB residential property index increases by 7%, reaching the highest in last 12 months, though the value is -8

– Following ANZ, Westpac reduced its serviceability assessment criteria from 7.25% to 5.75%

– Victoria state treasurer Tim Pallas published data in last two years, showing with state government’s first home buyer grant + stamp duty concession, more than 62000 Victorian first home buyers benefited from the policy, saving $1.3 billion

Weekly Auction Clearance and Sales Results – 13 July 2019 Melbourne

– Number of auctions continues to be at low level

– Auction clearance stands robust above 60% for the 9th consecutive weeks and now tightly around 70% mark, with 76%, 69%, and 75% from all three sources

– APRA’s recent move of relaxing serviceability assessment to new home loan application, together with this month RBA rate cuts, will leads to a double-digit boost of the borrowing capacity of new home loan applicants

Weekly Auction Clearance and Sales Results – 06 July 2019 Melbourne

– Number of auctions is less compared to both previous week and the same week last year

– Auction clearance stands robust above 60% for the eighth consecutive weeks and now tightly around 70% mark, with 72%, 68%, and 74% from all three sources

– In last week RBA applied the second interest rate cut straight after the June 25 basis point cut, to a new historic record low of 1 percent, with more cuts expected by February 2020

– APRA finalized mortgage lending reforms and removed its 7 percent interest floor for mortgage serviceability assessments

– Property market activity is mild with less auction and listing numbers, which also as a result of the winter holiday season

– With record low interest rate, softened lending criteria and further interest cut expectation, it will be interesting to see how the property market will respond when spring comes

Weekly Auction Results and RBA Cuts Interest Rate to 1 percent

– Auction clearance is now with no doubt in the proximity of 70%, and above 60% for the seventh consecutive weeks, with 73%, 69%, and 75% from all three sources

– Auction clearance is now higher than the same week last year, though the number of auctions is still less

– More media voices are now predicting the property price falls in Sydney and Melbourne will end later 2019 and mild price increases will more likely to be observed in 2020

– RBA cuts interest rates to a record low of 1 percent after a 25 basis point cut in June, with financial markets predicting the cash rate would fall to 0.75 percent or even 0.5 percent by mid-2020

– RBA would like to see the low interest rates to give the economy a boost, push the unemployment rate below 4.5 percent for the inflation to meet the 2 to 3 percent target

– The record low interest rates will also help the property market to stabilize its price falls observed in major cities, and hope to encourage more buyers, especially first home buyers into the market with the loan lenders more willing to take new loans on first home purchases than investing ones

– However RBA interest cuts may not be sufficient to turn around the weak Australian economy. Other measures such as tax cuts or spending on infrastructure may be needed

Weekly Auction Clearance and Sales Results – 22 June 2019 Melbourne

– Number of auctions is slightly less compared to previous week, as the winter season and school holiday is coming

– Auction clearance stands robust above 60% for the sixth consecutive weeks and now tightly around 70% mark, with 70%, 69%, and 74% from all three sources

– It is no doubt the market starts getting back now, in a cold winter season, though slowly and subtly. The Australian economy however is not optimistic, which put another uncertainty to the market’s rebound

Weekly Auction Clearance and Sales Results – 15 June 2019 Melbourne

– Number of auctions is back to normal after the Queen’s Birthday long weekend, but still about one third less than the one in the same week last year

– Auction clearance stands robust above 60% for the fifth consecutive weeks and now approaching 70% mark, with 69%, 65%, and 71% from all three sources

– Though lending criteria are still tough for investors and self-employed people, efforts have been made to get buyers, especially first home buyers, back into the market with government stimulates and RBA’s recent rate cut

Weekly Auction Clearance and Sales Results – 8 June 2019 Melbourne

– Number of auctions significantly less due to Queen’s Birthday long weekend holiday, also about one third less than Queen’s Birthday week last year

– Auction clearance shows robust above 60% for the forth consecutive weeks, 63%, 60%, and 62% from all three sources

Weekly Auction Clearance and Sales Results – 1 June 2019 Melbourne

– Number of auctions dropped from last week’s peak

– Auction clearance stands firmly above 60% for the third consecutive weeks, 65%, 64%, and 67% from all three sources

– Victoria state government will lift stamp duty surcharge for foreign purchases from 7% to 8% from 1 July 2019, which leads to 13.5% stamp duty for a foreigner to pay if buying a property in Victoria

Weekly Auction Clearance and Sales Results – 25 May 2019 Melbourne

– First Auction after Coalition won the Federal Election last Saturday

– Auctions almost doubles the number held on previous Saturday, though still behind when compared with the same week last year

– Auction clearance stands above 60%, 64%, 60% and 61% from all three sources

– Buyers confidence gaining back a bit, given positive property policy maintained by Coalition government, potential triple interest cuts coming in discussion from RBA, APRA easing lending criteria, etc.

– Though economic data does not provide a solid support to the property market, e.g. much weaker than expected performance in new job creation and CPI growth

Weekly Auction Clearance and Sales Results on Election Day – 18 May 2019 Melbourne

– Coalition had a miracle win in this 2019 Federal Election

– Labor lost an unlosable election

– New support scheme for First Home Buyer’s 5% deposit will be implemented

– Negative gearing and Capital Gain Tax Discount policy will be kept untouched

– Income tax will be reduced in following years, both individual and company ones

– Efforts on creating more jobs and supporting more small and family businesses

– Despite of Federal Election on the same day, there were around 400 auctions held during this Saturday, only double-digit less than previous week

– Clearance of 63%, 65% and 68% reported from three major sources

Weekly Auction Clearance and Sales Results – 11 May 2019 Melbourne

– 60% Clearance rate of 383 Auctions Auctions (REIV)

– 57% Clearance rate of 326 Auctions (Domain)

– 54% Clearance rate of 326 Auction Results (Realestate)

Weekly Auction Clearance and Sales Results – 4 May 2019 Melbourne

– Market is still in declining phase, but falling rate continues easing

– Auction clearance stands above 60% this week, based on a normal quantity of auction numbers

– Positive progress made on loan lending from financial providers

– Market may touch the bottom later this year after the federal election

Weekly Auction Clearance and Sales Results – 6 April 2019 Melbourne

– 58% Clearance rate of 643 Auctions Auctions (REIV)

– 56% Clearance rate for 776 Auctions (Domain)

– 59% Clearance rate for 634 Auction Results (Realestate)

Weekly Auction Clearance and Sales Results – 23 Mar 2019 Melbourne

– 58% Clearance rate of 550 Auctions (REIV)

– 54% Clearance rate for 674 Auctions (Domain)

– 59% Clearance rate for 489 Auctions (Realestate)