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Weekly Auction Clearance and Sales Results – 20 July 2019 Melbourne

  • Number of auctions continues to be at low level
  • Auction clearance stands robust above 60% for the 10th consecutive weeks and now firmly above 70% mark, with 71%, 74%, and 78% from all three sources
  • NAB’s Q2 2019 research on residential properties shows that NAB residential property index increases by 7%, reaching the highest in last 12 months, though the value is -8
  • Following ANZ, Westpac reduced its serviceability assessment criteria from 7.25% to 5.75%
  • Victoria state treasurer Tim Pallas published data in last two years, showing with state government’s first home buyer grant + stamp duty concession, more than 62000 Victorian first home buyers benefited from the policy, saving $1.3 billion
Weekly Auction Clearance and Sales Results Melbourne

REIV

  • 71% Clearance rate of 285 Auctions
  • 76% Clearance rate of 294 auctions held last week
  • 63% Clearance rate of 532 auctions held this time last year
  • Detail
    • 179 Sold at Auction
    • 24 Sold before Auction
    • 0 Sold after Auction
    • 170 Private Sales
    • 82 Passed In
    • 34 Passed in Vendor Bid
    • 10 Withdrawn
    • 6 Postponed
    • 116 No Results
    • 69% Clearance for Houses
    • N/A Clearance for Units
    • $148M Total Auction Volume
    • $118M Total Private Sales Volume
Weekly Auction Clearance and Sales Results - 20 July 2019 Melbourne

Domain

  • 74% Clearance
  • 53% this time last year
  • Detail
    • 361 Listed Auctions
    • 256 Reported Auctions
    • 194 Sold
    • 7 Withdrawn
    • 62 Passed In
    • $770,000 Median
    • $126.0M Total Volume

Realestate

  • 78% Clearance rate for 255 Auction Results
  • Detail
    • 376 Auction scheduled
    • 190 Sold at Auction
    • 2 Withdrawn
    • 5 Sold prior to Auction
    • 55 Passed In
    • 3 Sold after Auction
  • 892 Private Sales

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