Melbourne keeps auction success in its 70% plus spring carnival stride: REIV
Melbourne notched up a clearance rate of 71% on the weekend compared to 73% last weekend.
The 71% matched the same weekend last year, according to the REIV.
There were 1358 auctions reported to the REIV, with some 1600 plus results to make the full weekend tally.
Next weekend, the REIV is expecting 550 auctions – the highest ever for any Melbourne Cup Day weekend and more than double the number of auctions held last year.
Most Auctions – Melbourne (year to October 23):
Suburb | Total Auction | Sold at auction | Clearance rate |
525 | 380 | 72% | |
RICHMOND | 411 | 329 | 80% |
GLEN WAVERLEY | 403 | 317 | 79% |
MOUNT WAVERLEY | 388 | 325 | 84% |
SOUTH YARRA | 373 | 274 | 74% |
363 | 258 | 71% | |
BENTLEIGH EAST | 332 | 272 | 82% |
311 | 239 | 77% | |
310 | 268 | 87% | |
BALWYN NORTH | 300 | 243 | 81% |
Biggest increase in auctions (year to date comparison):
| 2015 YTD | 2014 YTD |
| ||
Suburb | Total Auction | Clearance Rate | Total Auction | Clearance Rate | Auction Increase |
151 | 88% | 65 | 89% | 86 | |
GREENSBOROUGH | 186 | 89% | 107 | 75% | 79 |
MOUNT WAVERLEY | 388 | 84% | 310 | 84% | 78 |
GLEN WAVERLEY | 403 | 79% | 335 | 82% | 68 |
BLACKBURN | 199 | 80% | 133 | 84% | 66 |
BURWOOD | 181 | 77% | 121 | 80% | 60 |
LALOR | 186 | 71% | 129 | 59% | 57 |
CRAIGIEBURN | 247 | 68% | 191 | 69% | 56 |
188 | 81% | 135 | 69% | 53 | |
ELTHAM | 124 | 78% | 72 | 75% | 52
|
Source: REIV