• 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 Melbourne

REIV

  • 65% Clearance rate of 522 Auctions
  • 63% Clearance rate of 869 auctions held last week
  • 62% Clearance rate of 976 auctions held this time last year
  • Detail
    • 296 Sold at Auction
    • 45 Sold before Auction
    • 0 Sold after Auction
    • 151 Private Sales
    • 181 Passed In
    • 85 Passed in Vendor Bid
    • 14 Withdrawn
    • 21 Postponed
    • 187 No Results
    • 68% Clearance for Houses
    • 62% Clearance for Units
    • $327M Total Auction Volume
    • $103M Total Private Sales Volume
Auction and Private Sales Results Highlights - Victoria - 1 June 2019

Domain

  • 64% Clearance
  • Detail
    • 637 Listed Auctions
    • 434 Reported Auctions
    • 296 Sold
    • 27 Withdrawn
    • $853,500 Median
    • $200.7M Total Volume

Realestate

  • 67% Clearance rate for 505 Auction Results
  • Detail
    • 697 Auction scheduled
    • 328 Sold at Auction
    • 10 Withdrawn
    • 9 Sold prior to Auction
    • 157 Passed In
    • 1 Sold after Auction
  • 1028 Private Sales

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