Melbourne's 75 percent success rate: REIV

Melbourne's 75 percent success rate: REIV
Melbourne's 75 percent success rate: REIV

A clearance rate of 75 percent was recorded by the REIV this weekend compared to 69 percent last weekend and 76 percent this weekend last year.

There were 1476 auctions reported to the REIV, with 1113 selling and 363 being passed in, 157 of those on a vendor bid.

Melbourne’s south-eastern suburbs are dominating the auction market this weekend with more than 400 auctions scheduled. 

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: 
Residential Sales Clearance Rate

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