Mr Gail King, CEO of REIV reported a clearance rate of 81 per cent was recorded this week compared to 78 per cent last week and 60 per cent this week last year. There were 486 auctions reported to the REIV, with 395 selling and 91 being passed in, 42 of those on a vendor bid. July 2019 recorded a 73.3 per cent clearance rate which is the highest since October 2017 – led by St Kilda (13), Mulgrave (10) and Thomastown (10) which all cleared their listings for the month.
CLEARANCE RATE 81%
LAST WEEK 513
AUCTIONS HELD 486
THIS TIME LAST YEAR 797