Auction Clearance Rate at 78%

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May 19, 2015
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September 1, 2015

Auction Clearance Rate at 78%

Screen Shot 2015-06-09 at 9.51.16 amAuction Clearance rates remain 78% and steady despite the Queens birthday public holiday.Core Logic report that Melbourne auction volumes were significantly lower, falling from 1,248 to 302.  This represents a slight decrease from 80.2% last week.This  time last year, 335 Melbourne homes were taken to auction and the clearance rate was 62.4 per cent so the market has certainly heated up in the last 12 months.The South East of Melbourne had the most auctions , 49 and the highest clearance rate was in the Outer East at 95%.

Mortgage Broker What If We Finance advises that despite the active property market with proper research and analysis there are pockets where properties can be found below 600,000 . But you need to act quickly.


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