gil king real estate institute of victoria

There were 2,404 homes taken to auction across the combined capital cities this week, increasing from 1,983 over the previous week.

The combined capital cities saw an increase in the number of homes taken to auction this week with a total of 1,985 auctions held, up from the week prior when 1,916 auctions took place.

This week saw auction volumes increase across the combined capital cities, with 1,907 homes taken to market returning a preliminary clearance rate of 59.1 per cent.  

The first weekend of spring saw a total of 1,752 capital city auctions, a decrease on last week’s 1,915 auctions held and lower than over the same week last year when 2,074 homes went to auction.