Melbourne Auction Results | 24th March 2018

Already using Social Media? Follow FollowWendy.com for the latest about tips and tricks when it comes to buying a home and hiring a buyers advocate.

Melbourne’s auction market recorded a lower clearance rate on Saturday at 65 percent compared to last weekend’s 68 percent. The number of scheduled auctions, however, was still high at 1,715 up from last week’s 1,406.

The number of reported auctions was 1,303 while the total number of properties sold was 863. Total sales recorded was more than $692,640,000 while the median price was $830,000.

With nearly 3,700 auctions in capital cities, CoreLogic said this weekend’s auctions was the busiest of the year. This increased activity is considered normal particularly during the week before Easter.

The volume of auctions in Melbourne this weekend was the highest for the city this year and the second busiest week on record.

Reservoir remains to be the busiest suburb in Melbourne with 39 homes going under the hammer on Saturday. Following behind was Richmond with 31 properties and South Yarra with 27.

In Victoria, 1,920 properties went under the hammer. The Real Estate Institute of Victoria (REIV) said this figure is up by 600 compared to last weekend’s number. The increase is attributed to the fact that it’s the last auction weekend before Easter followed by the school holidays.

With plenty of choices available, REIV president Richard Simpson earlier said Saturday’s auctions would favour buyers.

Looking to buy in Melbourne and sick of missing out at auction? 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?

Wendy Chamberlain from Social Property Selling

By Wendy Chamberlain
Copyright 2018 | All Rights Reserved

WANT TO USE THIS ARTICLE?

You can as long as you include the following (links must be active):

With a passion for all things real estate spanning 18 years, Wendy loves that her role as a Buyers Advocate gives her buyers an experienced voice they can trust when it comes to negotiating to purchase something as important as their new 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.FollowWendy.com 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.