WBP Market Wrap

Sydney property buyers and sellers taking cautious approach to market.

Sydney property markets are open for business, clearing 77% of a reported 559 residential auctions at the weekend according to Domain – the highest rate since October last year.

A sprint finish for Melbourne property market.

According to preliminary auction results there were a reported 1209 residential properties auctioned in Melbourne at the weekend, 71% or 860 of these selling. Total auction volumes included 796 houses and 370 apartments, with clearance rates of 71% and 69% respectively. The balance of auctions consisted of vacant land sales.

Summary
This year - Auctions: 1209 / Clearance rate: 71%.
Last year -
Auctions: 1469 / Clearance rate: 68%.
Source: REIV

Buyer demand unwavering in countdown to Christmas.

According to preliminary auction results there were a reported 1236 residential properties auctioned in Melbourne at the weekend, 67% or 836 of these selling. Total auction volumes included 839 houses and 376 apartments, with clearance rates of 68% and 65% respectively. The balance of auctions consisted of vacant land sales.

Summary
This year - Auctions: 1236 / Clearance rate: 67%.
Last year -
Auctions: 1497 / Clearance rate: 66%.
Source: REIV

Mega Melbourne Saturday sets Aussie auction record.

According to preliminary auction results there were a reported 1467 residential properties auctioned in Melbourne at the weekend, 67% or 981 of these selling. Total auction volumes included 1024 houses and 380 apartments, with clearance rates of 70% and 61% respectively. The balance of auctions consisted of vacant land sales.

Summary
This year - Auctions: 1467 / Clearance rate: 67%.
Last year -
Auctions: 1399 / Clearance rate: 65%.
Source: REIV

All eyes on Melbourne clearance rates as volumes surge.

According to preliminary auction results there were a reported 1172 residential properties auctioned in Melbourne at the weekend, 67% or 780 of these selling. Total auction volumes included 812 houses and 323 apartments, with clearance rates of 69% and 62% respectively. The balance of auctions consisted of vacant land sales.

Summary
This year - Auctions: 1172 / Clearance rate: 67%.
Last year - Auctions:
1230 / Clearance rate: 65%
Source: REIV

Market predicted to cool earlier in countdown to Christmas.

According to preliminary auction results there were a reported 1243 residential properties auctioned in Melbourne at the weekend, 71% or 880 of these selling. Total auction volumes included 836 houses and 381 apartments, with clearance rates of 73% and 66% respectively. The balance of auctions consisted of vacant land sales.

Summary
This year - Auctions: 1243 / Clearance rate: 71%.
Last year - Auctions:
1346 / Clearance rate: 66%
Source: REIV