The week ending 19th June delivered a clearance rate of 82% (according to REIV data) from the 530 auctions that were reported across Victoria. At the same time last year, 431 auctions were reported and a clearance rate of 67% was achieved.
305 homes were sold at auction, 131 sold before auction, with 94 passed in. 31 properties were withdrawn from sale.
As Nathan Mawby pointed out yesterday in this article on Realestate.com.au, “Melbourne is building up to an unprecedented midwinter auction boom with three Super Saturdays of more than 1000 auctions in a row”. The market remains poised for quick sales as buyers continue to turn up in numbers at auctions across Melbourne.
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.
We do offer our negotiate service for those buyers in the market looking to pounce on opportunities that arise. Get in touch if you’d like to know more.
Ask about our Home Buyer Search and Acquisition Service, where we do all of the legwork on your behalf to MAKE IT EASY to secure your new home.
Give me a call on 03 9686 2288 to discuss how I can help. I offer a free consultation, so why not call today?
