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Weekly Auction Clearance and Sales Results – 27 July 2019 Melbourne

  • Number of auctions continues being at low levels. Sellers are still waiting for it to be more clearer in trend before jumping into the market
  • Auction clearance stands robust above 60% for the 11th consecutive weeks and now firmly above 70% mark, with 73%, 74%, and 71% from all three sources
  • Compare to the same time last year, auction clearance rates are now 10% or more above, showing the market condition continues improving since last Federation election in May
Weekly Auction Clearance and Sales Results Melbourne

REIV

  • 73% Clearance rate of 392 Auctions
  • 72% Clearance rate of 349 auctions held last week
  • 62% Clearance rate of 693 auctions held this time last year
  • Detail
    • 247 Sold at Auction
    • 39 Sold before Auction
    • 0 Sold after Auction
    • 148 Private Sales
    • 106 Passed In
    • 48 Passed in Vendor Bid
    • 10 Withdrawn
    • 14 Postponed
    • 119 No Results
    • 77% Clearance for Houses
    • 68% Clearance for Units
    • $230M Total Auction Volume
    • $102M Total Private Sales Volume
Auction and Private Sales Results Highlights - Victoria - 27 July 2019

Domain

  • 74% Clearance
  • 52% this time last year
  • Detail
    • 471 Listed Auctions
    • 356 Reported Auctions
    • 279 Sold
    • 19 Withdrawn
    • 77 Passed In
    • $740,000 Median
    • $193.3M Total Volume

Realestate

  • 71% Clearance rate for 336 Auction Results
  • Detail
    • 501 Auction scheduled
    • 227 Sold at Auction
    • 6 Withdrawn
    • 7 Sold prior to Auction
    • 93 Passed In
    • 3 Sold after Auction
  • 863 Private Sales

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