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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
Weekly Auction Clearance and Sales Results Melbourne

REIV

  • 72% Clearance rate of 1039 Auctions
  • 74% Clearance rate of 1115 auctions held last week
  • 47% Clearance rate of 959 auctions held this time last year
  • Detail
    • 570 Sold at Auction
    • 170 Sold before Auction
    • 4 Sold after Auction
    • 206 Private Sales
    • 295 Passed In
    • 111 Passed in Vendor Bid
    • 53 Withdrawn
    • 29 Postponed
    • 73 No Results
    • 71% Clearance for Houses
    • 74% Clearance for Units
    • $700M Total Auction Volume
    • $167M Total Private Sales Volume
Auction and Private Sales Results Highlights - Victoria - 23 November 2019

Domain

  • 70% Clearance
  • 43% this time last year
  • Detail
    • 1013 Listed Auctions
    • 724 Reported Auctions
    • 538 Sold
    • 49 Withdrawn
    • 186 Passed In
    • $900,000 Median
    • $436.0M Total Volume

Realestate

  • 77% Clearance rate for 795 Auction Results
  • Detail
    • 1106 Auction scheduled
    • 604 Sold at Auction
    • 10 Withdrawn
    • 4 Sold prior to Auction
    • 175 Passed In
    • 2 Sold after Auction
  • 1360 Private Sales

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