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Weekly Auction Clearance and Sales Results – 21 September 2019 Melbourne

  • Number of auctions continues increasing, so as the market confidence
  • Auction clearance stands robust above 60% and 70% for the 19th and 10th consecutive weeks respectively and approaching 80%, with 79%, 79%, and 79% from all three sources
  • Home loan lenders started to provide P+I for first home buyers with the rate less than 3%, will continue boost the home purchaser’s borrowing capability
  • The rebound of property price is stronger than RBA’s expectation. However economy conditions continue weakening, putting down pressure over the property market which has been moving along the bullish trend
Weekly Auction Clearance and Sales Results Melbourne

REIV

  • 79% Clearance rate of 773 Auctions
  • 76% Clearance rate of 717 auctions held last week
  • 57% Clearance rate of 1009 auctions held this time last year
  • Detail
    • 521 Sold at Auction
    • 86 Sold before Auction
    • 1 Sold after Auction
    • 136 Private Sales
    • 165 Passed In
    • 76 Passed in Vendor Bid
    • 19 Withdrawn
    • 14 Postponed
    • 229 No Results
    • 81% Clearance for Houses
    • 75% Clearance for Units
    • $597M Total Auction Volume
    • $92M Total Private Sales Volume
Auction and Private Sales Results Highlights - Victoria - 21 September 2019

Domain

  • 79% Clearance
  • 48% this time last year
  • Detail
    • 926 Listed Auctions
    • 672 Reported Auctions
    • 548 Sold
    • 26 Withdrawn
    • 124 Passed In
    • $834,500 Median
    • $409.7M Total Volume

Realestate

  • 79% Clearance rate for 681 Auction Results
  • Detail
    • 991 Auction scheduled
    • 517 Sold at Auction
    • 10 Withdrawn
    • 13 Sold prior to Auction
    • 133 Passed In
    • 8 Sold after Auction
  • 941 Private Sales

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