Melbourne Weekend Auction Results | 3rd April 2021

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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 throughout Australia. 108 homes were sold at auction, none were sold prior to auction, and 16 were passed in. No properties were withdrawn from sale during the period.

Buyer demand continues to exceed supply at Autumn auctions in Melbourne

Image source: Envato Elements

While there’s still very strong demand for real estate, especially in our capital cities, Cameron Kusher from Realestate.com.au revealed last week that demand is easing slightly since peaking in February. Nevertheless, Kusher points out that “national buyer demand is 72.8% higher than a year ago”.

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.

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.

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Wendy Chamberlain from Chamberlain Property Advocates