The week ending 5th September delivered a clearance rate of 97% from the 140 auctions reported for the period (based on REIV data). At the same time last year, there were just 15 auctions reported.
68 homes sold at auction last week and another 68 sold prior to auction, with 4 passed in. 209 properties were withdrawn from sale and 329 auctions were postponed.
This weekend we feature an article by Melissa Heagney reporting on Melbourne’s online auctions where properties are selling at a premium without even a single inspection. It highlights the sign of the times we live in and a testament to the desperation of home buyers.
The surge in property activity we will see once we are out of lockdown will be intense!
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?
