Melbourne secures a 76% weekend auction success rate: REIV
There was a preliminary clearance rate of 76% this weekend across Melbourne, bettering last weekend's 74% and the 55% this weekend last year.
There were 523 auctions reported to the REIV of the expected weekend total of 650 auctions.
All three weekend in August have recorded a clearance rate above 70% tracking substantially better than last year, when the average winter clearance rate was 57%.
The Saturday night preliminary weekend clearance rate advisory has been above 70% since the June 8 week, having been hovering in the 60s for most of the year.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.




