The week ending 6th February delivered strong results for auctions across Melbourne, with an 82% clearance rate (based on REIV data). At the same time last year, the clearance rate was 76%.
This result is based on 430 auctions reported across Melbourne. Of those 430 auctions, 263 were sold at auction and 89 sold before auction, with 78 homes passed in. 6 homes were withdrawn from sale.
The latest figures for auction clearance rates in Melbourne reflect the strength of the housing market Australia-wide at present. As reported by CoreLogic this morning, “every capital city recorded a clearance rate above 70%” in the past week.
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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.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.