With the Melbourne market back into Stage Three restrictions due to mounting cased of coronavirus, buyers appear to be getting used to the “new normal” of online selling options.
The Melbourne auction market recorded a 88 percent auction clearance rate (based on REIV data), up from 71 percent last week. At the same time last year, the clearance rate was 76 per cent.
This result is based on 211 auctions reported across Melbourne. 104 homes were sold at auction, 80 before auction with 26 homes passed in (12 on a vendor bid). 181 homes were withdrawn from sale.
Whilst the overall volume of sales is low, the healthy clearance rate does point to some confidence returning to the market for buyers that are still looking to buy right now.
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.
