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Melbourne recorded another robust auction clearance rate at the weekend with buyers clearly strongly motivated to secure available property. Saturdays 75.5% result was the highest recorded by the local market since the spring of 2017 and well ahead of the previous weekends 71.4% and significantly higher than the 54.4% recorded over the same weekend last
Clearance rates continue to rise in Melbourne’s weekend auction market with buyer and seller confidence now clearly in revival mode. Melbourne’s recorded a clearance rate of 75.6% at the weekend of Saturday 27th July was higher than the previous weekends 73.3% and also again higher than the 60.3% reported over the same weekend last year.
Auction clearance rates in Melbourne continue to climb – another sign that our property markets are improving. The trend started at the beginning of the year and Corelogic reported that auction clearance rates continued to climb over June quarter. But auction clearance rates have been in the higher since the reported period – in the
Over the March 2019 quarter, resales of Melbourne properties generated $3.363 billion worth of profits and $44.8 million in losses. These figures indicated that Melbourne generated 23.5% of total resale profits nationally over the quarter as well as producing 7.6% of total resales losses. Over the quarter, there were no resales at a loss in