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Weekly Auction Clearance and Sales Results – 15 June 2019 Melbourne

  • Number of auctions is back to normal after the Queen’s Birthday long weekend, but still about one third less than the one in the same week last year
  • Auction clearance stands robust above 60% for the fifth consecutive weeks and now approaching 70% mark, with 69%, 65%, and 71% from all three sources
  • Though lending criteria are still tough for investors and self-employed people, efforts have been made to get buyers, especially first home buyers, back into the market with government stimulates and RBA’s recent rate cut
Weekly Auction Clearance and Sales Results Melbourne

REIV

  • 69% Clearance rate of 524 Auctions
  • 61% Clearance rate of 179 auctions held last week
  • 60% Clearance rate of 890 auctions held this time last year
  • Detail
    • 288 Sold at Auction
    • 73 Sold before Auction
    • 0 Sold after Auction
    • 155 Private Sales
    • 163 Passed In
    • 78 Passed in Vendor Bid
    • 17 Withdrawn
    • 9 Postponed
    • 202 No Results
    • 71% Clearance for Houses
    • 67% Clearance for Units
    • $298M Total Auction Volume
    • $106M Total Private Sales Volume
Weekly Auction Clearance and Sales Results - 15 June 2019 Melbourne

Domain

  • 65% Clearance
  • Detail
    • 645 Listed Auctions
    • 485 Reported Auctions
    • 334 Sold
    • 31 Withdrawn
    • 151 Passed In
    • $764,000 Median
    • $234.7M Total Volume

Realestate

  • 71% Clearance rate for 508 Auction Results
  • Detail
    • 702 Auction scheduled
    • 350 Sold at Auction
    • 5 Withdrawn
    • 5 Sold prior to Auction
    • 140 Passed In
    • 8 Sold after Auction
  • 1004 Private Sales

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