• 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 Melbourne

REIV

  • 77% Clearance rate of 586 Auctions
  • 79% Clearance rate of 594 auctions held last week
  • 59% Clearance rate of 716 auctions held this time last year
  • Detail
    • 384 Sold at Auction
    • 65 Sold before Auction
    • 0 Sold after Auction
    • 152 Private Sales
    • 137 Passed In
    • 61 Passed in Vendor Bid
    • 11 Withdrawn
    • 8 Postponed
    • 183 No Results
    • 78% Clearance for Houses
    • 74% Clearance for Units
    • $425M Total Auction Volume
    • $111M Total Private Sales Volume
Auction and Private Sales Results Highlights - Victoria - 31 August 2019

Domain

  • 77% Clearance
  • 54% this time last year
  • Detail
    • 718 Listed Auctions
    • 588 Reported Auctions
    • 466 Sold
    • 21 Withdrawn
    • 122 Passed In
    • $810,000 Median
    • $324.7M Total Volume

Realestate

  • 78% Clearance rate for 587 Auction Results
  • Detail
    • 723 Auction scheduled
    • 450 Sold at Auction
    • 6 Withdrawn
    • 8 Sold prior to Auction
    • 122 Passed In
    • 1 Sold after Auction
  • 1124 Private Sales

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