Weekend Results – Saturday 25th & 26th May 2013

A clearance rate of 71 per cent was recorded this weekend compared to 71 per cent last weekend and 60 per cent this weekend last year.

Strong clearance rates continue to be recorded in the inner east, south eastern and bayside suburbs this year as competition among bidders increases in some of Melbourne’s million dollar suburbs.

There were 665 auctions reported to the REIV this weekend, with 473 selling and 192 being passed in, 110 of those on a vendor bid.

Next weekend the REIV expects around 760 auctions with consistent increases in listings projected throughout June.

By: Enzo Raimondo CEO REIV

Source: Reiv.com.au