Melbourne Weekend Auction Results | 6th March 2021

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The week ending 6th March saw Melbourne’s unrelenting buyer demand continue as the city enjoyed a weekend of stellar autumn weather. The REIV recorded a clearance rate of 84%.

This result is based on 360 auctions reported across Melbourne. 243 homes were sold at auction and 59 were sold before auction, with 56 passed in. 10 properties were withdrawn from sale.

Buyer demand continues to exceed supply across Melbourne

Buyer demand continues to exceed supply across Melbourne    Image source: Envato Elements

The high demand for property follows a media release last week by the Real Estate Institute of Australia (REIA) revealing that “first homebuyers increased their market share by 50.4% over 2020”.

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Wendy Chamberlain from Chamberlain Property Advocates

By Wendy Chamberlain
Copyright 2021 | All Rights Reserved

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With a passion for all things real estate spanning 20 years, Wendy loves that her role as a Buyers 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.