WBP Market Wrap

Houses steam ahead while units subject to scrutiny from buyers

Summary
This year - Auctions: 666 / Clearance rate: 75%.
Last year - 
Auctions: 623 / Clearance rate: 75%.
Source: REIV

The reversal of Daylight Savings and growing evidence of the change of season proved of little consequence to Melbourne property buyers following yet another successful weekend of auctions for the city.

Market steady with listings of quality property expected to peak in May.   

Summary
This year - Auctions listed  523 / Clearance rate: 70%*
Last Year
 - Auctions listed 535 / Clearance rate - N/A

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

According to Domain there were 523 properties listed for auction in Sydney at the weekend. Of the 364 results reported, the city achieved a 70% clearance rate. 

Quality of property tipped to improve as auction volumes rise in April.

Summary
This year - Auctions: 405 / Clearance rate: 73%.
Last year - 
Auctions: 37 / Clearance rate: N/A.
Source: REIV

In the midst of the Easter break, Melbourne property markets remain subdued demonstrating a limited volume of auctions at the weekend. In fact, volumes have declined to the extent that a number of real estate agencies have reported the lowest number of listings on record per selling agent, on average, at this time of year.

Subdued listings and disrupted selling campaigns lead to new campaign strategy.   

Summary
This year - Auctions listed  539 / Clearance rate: 74%*
Last Year**
- Auctions listed  / Clearance rate 86.8%* 

Source: Domain; * based on # of properties reported. ** same post-Easter weekend as last year. 

According to Domain there were 539 properties listed for auction in Sydney at the weekend. Of the 372 results reported, a city-wide clearance rate of 74% was achieved.

Storm in a teacup for Melbourne's pre-Easter weekend.

Summary
This year - Auctions: 1476 / Clearance rate: 75%.
Last year - 
Auctions: 1170 / Clearance rate: 76%.
Source: REIV

After a brief hiatus for the Labour Day weekend, Melbourne buyers returned with a vengeance, buying all but a quarter of a whopping 1500-odd properties. For those that have just tuned in, that level of absorption is an exceptional result for the market, not simply because of the clearance rate but also the sheer number of properties sold.

Sydney market remains buoyant despite flood of properties.  

Summary
This year - Auctions listed 911 / Clearance rate: 75.8%*
Last Year
- Auctions listed 1128 / Clearance rate 87.5%* 

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

According to Domain there were 911 properties listed for auction in Sydney at the weekend. Of the 639 results reported, a city-wide clearance rate of 75.8% was achieved.