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Weekly Auction Clearance and Sales Results – 10 August 2019 Melbourne

  • Number of auctions continues being at low levels
  • Auction clearance stands robust above 60% for the 13th consecutive weeks, with 76%, 70%, and 75% from all three sources
  • Compare to the same time last year, auction clearance rates are now 10% or more above
  • Melbourne experienced severe winter storm this Saturday, but the auction results were still robust, reflecting the continuously improving market condition
  • Home finance providers gradually lifting up the lending criteria for first home buyers, who also continue benefiting from government support of first home owner grants or bonuses
  • Spring season is coming. Given low interest rate, easing lending conditions, it will be interesting to see if first home buyers being overwhelmed by the investors this time
Weekly Auction Clearance and Sales Results Melbourne

REIV

  • 76% Clearance rate of 382 Auctions
  • 73% Clearance rate of 447 auctions held last week
  • 62% Clearance rate of 651 auctions held this time last year
  • Detail
    • 244 Sold at Auction
    • 45 Sold before Auction
    • 0 Sold after Auction
    • 138 Private Sales
    • 93 Passed In
    • 46 Passed in Vendor Bid
    • 13 Withdrawn
    • 9 Postponed
    • 112 No Results
    • 76% Clearance for Houses
    • 76% Clearance for Units
    • $269M Total Auction Volume
    • $103M Total Private Sales Volume
Auction and Private Sales Results Highlights - Victoria - 10 August 2019

Domain

  • 70% Clearance
  • 53% this time last year
  • Detail
    • 474 Listed Auctions
    • 349 Reported Auctions
    • 257 Sold
    • 16 Withdrawn
    • 92 Passed In
    • $865,000 Median
    • $186.5M Total Volume

Realestate

  • 75% Clearance rate for 302 Auction Results
  • Detail
    • 473 Auction scheduled
    • 220 Sold at Auction
    • 4 Withdrawn
    • 4 Sold prior to Auction
    • 73 Passed In
    • 1 Sold after Auction
  • 835 Private Sales

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