Melbourne's best and worst auction suburbs

Melbourne's best and worst auction suburbs
Melbourne's best and worst auction suburbs

Hoppers Crossing vendors notched up over 95 percent auctions success in the 2015 December quarter, according to a CoreLogic list of the busiest 188 auction suburbs.

Houses in the urban fringe suburb south west of Melbourne's CBD have a median of $360,000 and units around $278,000.

CoreLogic RP Data noted while Melbourne's auction clearance rate over the December quarter was 67 percent there were pockets of the Melbourne market where clearance rate performance sits much stronger than the broader market.

For instance the inner south suburbs came in with the highest clearance rate at over 71 percent, followed by the outer east at just over 70 percent.

Despite each sub-region clearing over 60 percent each of them showed a fall in clearance rates from the previous quarter. 

The research will be handy when deciding just how to list your Melbourne home this year, ie by auction or private treaty.

It would be wise to ask your prospective listing agents not only how their agency went late last year but contrast their results against the overall suburban trend. 

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Melbourne's best and worst auction suburbs

Melbourne's best and worst auction suburbs

Melbourne's best and worst auction suburbs

Melbourne's best and worst auction suburbs

Melbourne's best and worst auction suburbs

Melbourne's best and worst auction suburbs

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Tags: 
Auctions Hoppers Crossing

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