Melbourne Auction Results – June 29–30

The latest Melbourne real estate auction results over the weekend of June 29 to 30, 2024 provides a comprehensive overview of the city’s real estate market performance. Here are the key highlights according to the data from realestate.com.au:

Overall Performance

Clearance Rate: 57%

Total Auctions Scheduled: 900

Auctions Reported: 767

Sold: 475

Withdrawn: 87

Passed In: 205

Melbourne Real Estate Auction Results: A Detailed Breakdown

The auction results indicate a clearance rate of 57%, reflecting a market where just over half of the properties put up for auction were successfully sold. Out of the 900 auctions scheduled, 767 were reported, with 475 properties successfully sold. Additionally, 87 properties were withdrawn from auction, and 205 properties were passed in, meaning they did not meet the reserve price or attract sufficient interest.

Melbourne Real Estate Auction Results: Financial Insights

Total Sales Value: Not specified

Median Sale Price: Not specified

While the total sales value and median sale price were not provided in the search results, the clearance rate and number of properties sold give a good indication of market activity and buyer interest.

Comparison With Other Cities

For context, here are the auction results from other major Australian cities over the same weekend:

Sydney: 61% clearance rate with 758 scheduled auctions.

Brisbane: 40% clearance rate with 68 scheduled auctions.

Canberra: 70% clearance rate with 47 scheduled auctions.

Adelaide: 75% clearance rate with 87 scheduled auctions.

These figures show that Melbourne’s auction market performed moderately well compared to other major cities, with Adelaide showing the highest clearance rate.

Notable Sales

Some notable sales from the weekend include:

37 Trenerry Crescent, Fitzroy: A house with 3 bedrooms sold (price withheld).

142 Charles Street, Fitzroy: A house with 2 bedrooms sold for $1.49 million.

101/118 Vere Street, Abbotsford: A unit with 2 bedrooms was withdrawn from auction.

These results highlight the diverse range of properties and prices in Melbourne’s real estate market.