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Weekly Auction Clearance and Sales Results – 25 May 2019 Melbourne

  • First Auction after Coalition won the Federal Election last Saturday
  • Auctions almost doubles the number held on previous Saturday, though still behind when compared with the same week last year
  • Auction clearance stands above 60%, 64%, 60% and 61% from all three sources
  • Buyers confidence gaining back a bit, given positive property policy maintained by Coalition government, potential triple interest cuts coming in discussion from RBA, APRA easing lending criteria, etc.
  • Though economic data does not provide a solid support to the property market, e.g. much weaker than expected performance in new job creation and CPI growth
Weekly Auction Clearance and Sales Results Melbourne

REIV

  • 64% Clearance rate of 700 Auctions
  • 64% Clearance rate of 342 auctions held last week
  • 63% Clearance rate of 948 auctions held this time last year
  • Detail
    • 394 Sold at Auction
    • 55 Sold before Auction
    • 1 Sold after Auction
    • 153 Private Sales
    • 250 Passed In
    • 132 Passed in Vendor Bid
    • 36 Withdrawn
    • 22 Postponed
    • 214 No Results
    • 64% Clearance for Houses
    • 64% Clearance for Units
    • $418M Total Auction Volume
    • $108M Total Private Sales Volume
Auction and Private Sales Results Highlights - Victoria - 25 May 2019

Domain

  • 60% Clearance
  • Detail
    • 885 Listed Auctions
    • 634 Reported Auctions
    • 405 Sold
    • 39 Withdrawn
    • $830,500 Median
    • $286.9M Total Volume

Realestate

  • 61% Clearance rate for 648 Auction Results
  • Detail
    • 956 Auction scheduled
    • 379 Sold at Auction
    • 19 Withdrawn
    • 6 Sold prior to Auction
    • 236 Passed In
    • 8 Sold after Auction
  • 854 Private Sales

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