WBP Market Wrap

Melbourne market shift sees clearance rate surge.

Summary
This year - Auctions: 516 / Clearance rate: 79%.
Last year - 
Auctions: 703 / Clearance rate: 75%.
Source: REIV

The weekend heralded the mid-point of the southern hemisphere’s winter – a challenging seasonal period for residential real estate markets in Australia’s southern states, like Victoria.

Market weathers election storm with clearance rate uplift.

 

Summary
This year - Auctions: 469 / Clearance rate: 77%.
Last year - 
Auctions: 569 / Clearance rate: 74%.
Source: REIV

School holidays and the federal election saw a slow start to the new financial year for Melbourne property. But, just a little over a week in and signs paint a telling picture of what’s in store for the market during the second half of 2016.

Federal election, BREXIT, winter and school holidays - Melbourne stands strong.

Summary
This year - Auctions: 782 / Clearance rate: 71%.
Last year - 
Auctions: 849 / Clearance rate: 79%.
Source: REIV

The number of auctions held in Melbourne dipped at the weekend, falling from last week’s high of just over 900 properties and tracking at an estimated 4.7% or 900 fewer auctions than this time last year. Is the cold keeping would-be buyers at bay, or is the tide turning on Melbourne’s strong property performance?

No winter woes for Melbourne property markets.

Summary
This year - Auctions: 893 / Clearance rate: 72%.
Last year - 
Auctions: 927 / Clearance rate: 78%.
Source: REIV

After a short intermittence for the Queen’s birthday last week the Melbourne residential auction market sprang into action at the weekend giving host to almost 900 auctions.

Melbourne winter arrives with gusto.

Summary
This year - Auctions: 747 / Clearance rate: 76%.
Last year - 
Auctions: 264 / Clearance rate: 72%.
Source: REIV

Winter is upon us, bringing with it cold and rainy weather, less sunshine and shorter days. But, the weather was no match for the Melbourne property market at the weekend, with clearance rates increasing slightly as would-be buyers withstood conditions.

Winter's arrival brings torrential rain, howling winds... and a whopping big clearance rate!   

Summary
This week - Auctions 548 / Clearance rate: 80%*
Last year - Auctions 851 / Clearance rate: N/A

Source: Domain; * based on # of properties reported. 

According to Domain there were 548 properties listed for auction in Sydney at the weekend. Of the 377 results reported, the city achieved a whopping 80% clearance rate.