South Yarra and Glenroy among the busiest Melbourne auction suburbs

The REIV is expecting about 1750 auctions in 399 suburbs this weekend.

The top auction locations this week are Glenroy and Reservoir with 21 auctions, followed by Craigieburn and South Yarra with twenty auctions in each. 

A clearance rate of 70% was recorded last weekend in Melbourne compared to 72% on the prior week.

It was running at 78% this time last year.

There were 1,496 auctions reported to the REIV, with 1,040 selling and 456 being passed in, 197 of those on a vendor bid.

The REIV collected 94% of auction results last week with a total of 1,595 results including 59 withdrawn and 40 postponed.