⟵ Back to articles

Melbourne Market Remains Solid, but opportunities are appearing.

Basking in perfect weather conditions, Melbourne enjoyed another week of strong clearances rates.

There were some 877 properties going under the hammer with 567 properties selling and 215 passed of which 105 was in a vendor bid. In addition there were another 244 properties selling by private sale.

The outcome produced a clearance rate of 75%, a result that is edging towards the magical figure of 70% that indicates a balanced market for buyers and sellers.

The sold trading conditions saw the best performing areas on weekend in the south east and inner city with the inner east, a little surprisingly, lagging behind to produce the second lowest clearance results for 2017.

The outtake of the results for investors is to jump onto the net and start searching for good buys in this window of opportunity while it lasts.

Source: Core Logic; RP data