The final week of January saw Melbourne buyers active across Melbourne in what has been a robust market so far this year.
The Melbourne auction market recorded an 83 percent clearance rate (based on REIV data), a slight increase on the 82 percent for the previous week. At the same time last year, the clearance rate was 69 percent.
This result is based on 276 auctions reported across Melbourne. 178 homes were sold at auction, 51 sold before auction with 47 homes passed in. 7 homes were withdrawn from sale. The median sale price for houses currently sits at $917,000 while the figure for apartments is $694,000.
The buyer confidence reflected by recent clearance rates follows an announcement by the REIV on 18th January that the median house price in Victoria has risen above $900,000 for the first time ever.
Looking to buy in Melbourne and need to chat about your options? 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?
By Wendy Chamberlain
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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.chamberlainadvocates.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.
