• 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 Melbourne

REIV

  • 76% Clearance rate of 735 Auctions
  • 76% Clearance rate of 666 auctions held last week
  • 57% Clearance rate of 858 auctions held this time last year
  • Detail
    • 452 Sold at Auction
    • 108 Sold before Auction
    • 0 Sold after Auction
    • 157 Private Sales
    • 175 Passed In
    • 72 Passed in Vendor Bid
    • 26 Withdrawn
    • 24 Postponed
    • 53 No Results
    • 78% Clearance for Houses
    • 75% Clearance for Units
    • $577M Total Auction Volume
    • $107M Total Private Sales Volume
Auction and Private Sales Results Highlights - Victoria - 14 September 2019

Domain

  • 74% Clearance
  • 49% this time last year
  • Detail
    • 759 Listed Auctions
    • 650 Reported Auctions
    • 500 Sold
    • 27 Withdrawn
    • 150 Passed In
    • $910,000 Median
    • $385.6M Total Volume

Realestate

  • 79% Clearance rate for 621 Auction Results
  • Detail
    • 773 Auction scheduled
    • 483 Sold at Auction
    • 9 Withdrawn
    • 3 Sold prior to Auction
    • 124 Passed In
    • 2 Sold after Auction
  • 1020 Private Sales

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