The week ending 17th April delivered strong results in Victoria’s auction market, with a clearance rate of 86% according to REIV data. 907 auctions were reported during the period. At the same time last year, a mere 149 auctions were reported while the state was dealing with the first wave of the pandemic, with[…]
The week ending 11th April saw the number of auctions reported across Victoria rise to 778 (according to REIV data), a quick rebound from the 173 listed in the week leading up to Easter. The clearance rate for the week was 80%. 481 homes were sold at auction and 140 sold before auction, with[…]
Due to the Easter long weekend, the week ending 3rd April closed with an expected drop in the number of auctions across Victoria. According to Realestate.com.au, 201 auctions were reported throughout the state last week. The clearance rate was 87%, which remains on par with the very high demand this year for real estate[…]
The week ending 27th March saw a massive 1438 auctions reported across Victoria (based on REIV data) as the market ramped up for the weekend final before Easter. The clearance rate for the week was 85%. At the same time last year, it was 90%. 956 homes were sold at auction and 270 sold[…]
The week ending 20th March delivered strong results in the auction market, with volume and the clearance rate both performing well. According to REIV data, the clearance rate for the week was 83%. At the same time last year it was 67%. 943 auctions were reported across Melbourne. 631 homes were sold at auction[…]
The week ending 13th March delivered a relatively high volume of properties at auction with a clearance rate of 82%, according to REIV data. Ath same time last year, the clearance rate was 70%. Across Melbourne, 808 auctions were reported. 493 homes were sold at auction, while another 165 were sold before auction, with[…]
The week ending 6th March saw Melbourne’s unrelenting buyer demand continue as the city enjoyed a weekend of stellar autumn weather. The REIV recorded a clearance rate of 84%. This result is based on 360 auctions reported across Melbourne. 243 homes were sold at auction and 59 were sold before auction, with 56 passed[…]
The week ending 27th February again saw homebuyers out in force, with the REIV recording an 84% clearance. This time last year the clearance rate was 78%. This result is based on 882 auctions reported across Melbourne. 558 homes were sold at auction and 185 were sold before auction, with 139 passed in. 15[…]
The week ending 20th February was bolstered by Melbourne’s first Super Saturday of 2021, with the REIV recording an auction clearance rate of 86%. At the same time last year, the clearance rate was 80%. This result is based on 823 auctions reported across Melbourne. 554 homes were sold at auction and 151 sold[…]
Despite the disruption caused by last Friday’s snap lockdown announcement, the week ending 13th February recorded a high number of sales at auction in Melbourne. The clearance rate reported by the REIV is 95%*. At the same time last year, the clearance rate was 79%. This result is based on 292 auctions reported across[…]