Berwick, St Albans and Altona Meadows have lowest clearance rates in Melbourne: REIV

Alistair WalshDecember 7, 2020

McCrae on the Mornington Peninsula and Ocean Grove and Torquay near the Great Ocean Road had the lowest clearance rates around Melbourne for 2013, according to REIV data.

They all had an auction clearance rate of just 30% for the year up until August 18.

It is less than half the Melbourne wide clearance rate of 70%.

Suburbs closer to Melbourne with the lowest clearance rates were Berwick in the outer south east, St Albans in the outer north west and Altona Meadows in the south west.

There were nine locations with clearance rates below 50%.

 

SuburbTotal AuctionedSold at auction% Clearance Rate
MCCRAE23730
OCEAN GROVE20630
TORQUAY20630
 
 
 
 
 
 
 
 
BERWICK
22836
ST ALBANS371438
ALTONA MEADOWS301447
 
 
 
 
 
 
 
 
FRANKSTON
522548
SOUTHBANK442148
MARIBYRNONG864249
 
 
 
 
 
 
 
 
FRANKSTON SOUTH
361850
 
 
 
 
 
 
 
 
SEAFORD
261350
BROADMEADOWS241250
STRATHMORE663350
 
 
 
 
 
 
 
 
MORNINGTON
392051
GREENVALE371951
FAWKNER371951
Hadfield291552
 
 
 
 
 
 
 
 
WARRAGUL
261454
 
 
 
 
 
 
 
 
EDITHVALE
281554
Melbourne1427654
PASCOE VALE1126054
South Kingsville221255
MOOROOLBARK201155
SOUTH MORANG442455
Altona North452556

Source REIV

Alistair Walsh

Deutsche Welle online reporter

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