As Melbourne continues with Stage Three restrictions due to mounting cases of coronavirus, buyers are still out and about and buying real estate.
The Melbourne auction market recorded a 82 percent auction clearance rate (based on REIV data), down from 88 percent last week. At the same time last year, the clearance rate was 74 per cent.
This result is based on 192 auctions reported across Melbourne. 90 homes were sold at auction, 65 before auction with 35 homes passed in. 193 homes were withdrawn from sale.
What we seem to be seeing is good quality housing stock still in high demand. With a shortage of homes on the market, if a buyer is ready to buy then they are doing so.
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.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.