Carrum Downs ranked the 2018 auction hotspot: CoreLogic

Carrum Downs ranked the 2018 auction hotspot: CoreLogic
Carrum Downs ranked the 2018 auction hotspot: CoreLogic

Melbourne's Carrum Downs has emerged as the strongest auction market in the country during the March quarter.

Its achieved a 95.2% success rate from its 21 scheduled auctions.

Northbridge's 90.5% was the next best with 21 auctions too.

Next week there's just one scheduled auction in Carrum Downs, a three bedroom home on O'Gradys Road (above) that has a $550,000 to $580,000 price guidance.

CoreLogic put its median house price as $520,000.

Across the non-capital city markets monitored by CoreLogic, Geelong was the best performing region in terms of clearance rates, with 83.3 per cent of auctions recording a successful result, while the Gold Coast recorded the lowest clearance rate the quarter (40.6 per cent), despite being the busiest region in terms of auction volumes (770).

Auction volumes fell across all regions except the Gold Coast, with Geelong host to 261 fewer auctions over the quarter, while Wollongong volumes fell by 196. The Hunter region saw 159 fewer auctions, while the Sunshine Coast was down 75 auctions.

Wollongong was the only region to record a fall in the auction clearance rate over the March quarter, while the Hunter region saw the biggest increase in clearance rates when compared to the previous quarter.

Tags: 
Auctions Clearance Rate

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