Melbourne Auction Results | 6th June 2020

Already using Social Media? Follow wendychamberlain.com.au for the latest about tips and tricks when it comes to buying a home and hiring a buyers advocate.

Melbourne’s auction market achieved a 56 percent clearance rate over the weekend, lower than last weekend’s 65 percent. Despite this with the low volume of homes for sale, the market is considered strong.

The total auctions was 143 while the confirmed results was 92. The number of properties sold was 5826 with 34 being passed in. Total sales amounted to more than $34,0,000 while the median price in the area was pegged at $737,000.

According to Domain senior research analyst Nicola Powell, vendors are more conscious of their pricing. She added that despite the few listings, there’s a high demand from buyers.

Downsizers are selling their family home to buy city property and enjoy beach lifestyle

Domain has noted a high number of registered and active bidders including first homebuyers and investors. The competition is high among buyers these days.

Real estate experts confirmed there are still first home buyers struggling to get mortgage loans due to the corona virus pandemic. Many are taking a longer time to get pre-approved.

Buyer confidence has definitely returned in the Melbourne housing market.

Looking to buy in Melbourne and sick of missing out at auction? Talk to me about how I can help you buy your new home faster, for less.

Give me a call on 03 9686 2288 to discuss how I can help. I offer a free consultation, so why not call today?

Wendy Chamberlain from Chamberlain Property Advocates

 

 

 

 

By Wendy Chamberlain
Copyright 2020 | All Rights Reserved

WANT TO USE THIS ARTICLE?

You can as long as you include the following (links must be active):

With a passion for all things real estate spanning over 20 years, Wendy loves that her role as a Buyers Agent and Sellers Advocate gives her buying and selling clients an experienced voice they can trust when it comes to negotiating to buy or sell something as important as their home or investment. Wendy considers it a privilege to be asked to help others realise such an important goal as home ownership and to be trusted with that honour. Get in touch today via www.wendychamberlain.com.au for a no obligation chat about how Wendy can work with you and help you save time and money to secure your new home sooner.