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Sky high auction clearance rates for Melbourne homes!

23 Sep 2014 - ‘Super Saturday’ does not disappoint

"Despite record auction listings over the 'SUPER Saturday' weekend, both Melbourne and Sydney achieved stunning CLEARANCE rate results.

Melbourne produced another strong weekend for home auction sales, RECORDING a 77.7 per cent clearance rate on Saturday.

According to DOMAIN Group senior economist Dr Andrew Wilson, this was the fourth consecutive weekend clearance rate above 77 per cent and was achieved despite a surge in auction listings.

“Saturday hosted the first ‘Super Saturday’ for the Melbourne spring selling season, with the pre-Grand Final weekend hosting 1,008 AUCTIONS,” he said.

“This was a record weekend offering for this time of the year and reflects the strong underlying confidence of sellers in the Melbourne MARKET.

“This weekend’s clearance rate takes the current four-weekend metro Melbourne average to 78.0 per cent compared to the previous four-weekend result of 74.8 per cent,” he added."

The above is an extract from the article at: http://www.rebonline.com.au/breaking-news/8168-super-saturday-does-not-disappoint (Real Estate Business online, 2014)

Michelle Wang

Four C Realty