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Weekly Auction Clearance and Sales Results on Election Day – 18 May 2019 Melbourne

  • Coalition had a miracle win in this 2019 Federal Election
  • Labor lost an unlosable election
  • New support scheme for First Home Buyer’s 5% deposit will be implemented
  • Negative gearing and Capital Gain Tax Discount policy will be kept untouched
  • Income tax will be reduced in following years, both individual and company ones
  • Efforts on creating more jobs and supporting more small and family businesses
  • Despite of Federal Election on the same day, there were around 400 auctions held during this Saturday, only double-digit less than previous week
  • Clearance of 63%, 65% and 68% reported from three major sources
Weekly Auction Clearance and Sales Results Melbourne

REIV

  • 65% Clearance rate of 295 Auctions
  • 59% Clearance rate of 467 auctions held last week
  • 65% Clearance rate of 939 auctions held this time last year
  • Detail
    • 177 Sold at Auction
    • 15 Sold before Auction
    • 0 Sold after Auction
    • 128 Private Sales
    • 103 Passed In
    • 53 Passed in Vendor Bid
    • 11 Withdrawn
    • 23 Postponed
    • 94 No Results
    • 72% Clearance for Houses
    • N/A Clearance for Units
    • $183M Total Auction Volume
    • $91M Total Private Sales Volume
Auction and Private Sales Results Highlights on Election Day - Victoria - 18 May 2019

Domain

  • 63% Clearance
  • Detail
    • 369 Listed Auctions
    • 278 Reported Auctions
    • 179 Sold
    • 7 Withdrawn
    • $892,000 Median
    • $139.0M Total Volume

Realestate

  • 68% Clearance rate for 293 Auction Results
  • Detail
    • 406 Auction scheduled
    • 197 Sold at Auction
    • 1 Withdrawn
    • 1 Sold prior to Auction
    • 94 Passed In
    • 0 Sold after Auction
  • 877 Private Sales

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