Melbourne Auction Results | 11th August 2018

Melbourne’s auction market remains to be slow performing with a clearance rate below 60 percent. Over the rainy and windy weekend, it recorded a 58 percent clearance rate. The number of scheduled auctions was 642. The number of reported auctions was 492 while the number of properties sold was 296. Total sales recorded was more[…]

Melbourne Auction Results | 28th July 2018

Melbourne’s auction market slightly improved over the weekend recording a clearance rate 58 percent. The number of scheduled auctions 687. The number of reported auctions was 507 while the number of properties sold was 320. Total sales recorded was $223,223,000 while the median price in the area was pegged at $766,000. Properties that performed the[…]

Melbourne Auction Results | 14th July 2018

Melbourne’s auction market was steady over the weekend achieving a clearance rate 56 percent, similar from the previous week. The number of scheduled auctions was down to 484 from 526. The number of reported auctions was also down at 377 while the number of properties sold was 220. Total sales recorded was $149,977,000 while the[…]

Melbourne Auction Results | 7th July 2018

Melbourne’s auction clearance rate slipped further on Saturday to a low of 56 percent from the previous week’s 60 percent. The number of scheduled auctions followed the same trend at 526. The number of reported auctions was also down at 392 from last weekend’s 502 while the number of properties sold was 236. Total sales[…]

The New GST Withholding Regime Starts 1 July 2018

The new Federal legislation on the payment of GST in property developments took effect as at July 1st 2018. The legislation is aimed at preventing businesses in the property development area failing to remit the GST to the Australian Taxation Office (ATO) after a sale settles. WHY? New Federal legislation is designed to stop businesses[…]

Melbourne Auction Results | 30th June 2018

Melbourne’s auction clearance rate fell back to 60 percent on a cold Saturday from the previous week’s 62 percent. The number of scheduled auctions followed the same trend at 641 from the previous 821. Reports noted that the very cold weather caused a low attendance at some auctions. The number of reported auctions was also[…]

Melbourne Auction Results | 23rd June 2018

Melbourne’s auction market recorded a 62 percent low clearance rate on Saturday, an improvement from last weekend’s 59 percent. Th figure, however, is still low despite a high volume of scheduled auctions at 821. The number of reported auctions was at 668 while the number of properties sold slightly improved to 429 and 239 were[…]

Melbourne Auction Results | 16th June 2018

Melbourne’s auction market continues to experience a low clearance rate below the 60 percent level. It recorded a 59 percent clearance rate last Saturday, slightly higher than the 56 percent the previous week. This was despite the higher number of scheduled auctions at 852. The number of reported auctions was at 606 and the number[…]

Melbourne Auction Results | 9th June 2018

Melbourne’s auction clearance rate went below the 60 percent level to 56 percent on Saturday. This was partly due to the Queen birthday’s long weekend. As a result, the number of scheduled auctions was down to 194. The number of reported auctions was at 145 and the number of properties sold was down to 87[…]

Melbourne Auction Results | 2nd June 2018

Melbourne’s auction clearance rate slipped further by one percentage point on Saturday to 60 percent from last weekend’s 61 percent. The number of scheduled auctions was also down to 942 from 963 the previous week. The number of reported auctions was at 740 from 749 while the number of properties sold was 463. Total sales[…]