July 2014

Melbourne set to break more auction records

Last weekend was the first real test for the winter auction market following the lull in activity during the Queen’s Birthday holiday break.

The metro Melbourne market produced a healthy auction clearance rate of 73.8 per cent despite the high listing numbers for June, well ahead of the 67.9 per cent recorded over the same weekend last year.

Melbourne achieved robust clearance rates even with unprecedented numbers of auctions conducted at this time of the year. Last weekend 856 homes went under the hammer which was well above the 777 auctioned over the same weekend a year ago.

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