• 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 Melbourne

REIV

  • 76% Clearance rate of 375 Auctions
  • 71% Clearance rate of 483 auctions held last week
  • 60% Clearance rate of 536 auctions held this time last year
  • Detail
    • 230 Sold at Auction
    • 55 Sold before Auction
    • 0 Sold after Auction
    • 129 Private Sales
    • 90 Passed In
    • 43 Passed in Vendor Bid
    • 7 Withdrawn
    • 9 Postponed
    • 155 No Results
    • 78% Clearance for Houses
    • 74% Clearance for Units
    • $245M Total Auction Volume
    • $96M Total Private Sales Volume
Auction and Private Sales Results Highlights - Victoria - 03 August 2019

Domain

  • 75% Clearance
  • 50% this time last year
  • Detail
    • 448 Listed Auctions
    • 358 Reported Auctions
    • 278 Sold
    • 15 Withdrawn
    • 80 Passed In
    • $790,000 Median
    • $203.3M Total Volume

Realestate

  • 74% Clearance rate for 326 Auction Results
  • Detail
    • 466 Auction scheduled
    • 234 Sold at Auction
    • 8 Withdrawn
    • 4 Sold prior to Auction
    • 78 Passed In
    • 2 Sold after Auction
  • 968 Private Sales

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

This 3D Exterior Rendering produced by IL Visual shows a detailed 3D Architectural Image of the rear townhouse in cole multi-unit development, with perfect interior and exterior lighting, properly positioned car and customized landscapes

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.