Melbourne apartments selling at auction better than houses: CoreLogic

Across Australia’s largest auction market of Melbourne the performance across the individual property types is quite interesting, according to the latest CoreLogic Property Pulse.

Clearances rates have been tracking higher for houses compared to units for most of 2017, while this year has seen results in contrast of this with units the better performer

It suggests there were 4,588 houses taken to auction over the past 8 weeks with just over half selling (50.5%), while units show a higher 58.7% success rate across 2,230 auctions so far this spring.

Over the corresponding period last year, a significantly higher 72.4% of Melbourne houses sold at auction and units saw a clearance rate of 69.3%, which happened to be over the period just prior to the peak in Melbourne dwelling values.

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