Growth wave extends across Melbourne.

Summary
This year – Auctions: 756 / Clearance rate: 81%.
Last year – Auctions: 1052 / Clearance rate: 74%.
Source: REIV

With little pressure on buyers to sell, early spring listing volumes remain subdued, averaging just 800-odd auctions per week so far for September. However, buyers remain active, driving strong attendance levels at inspections and auctions across Melbourne.

Houses remain the best performing of all property types across the city, with affordability constraints starting to impact growth in some areas, while the wave of growth, albeit to a lesser extent, ripples to neighbouring areas.

 

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Growth wave extends across Melbourne.