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Melbourne clearance rate at 61% for 2012

By Liam O'Boyle

Those who are thinking of buying or selling real estate in the city of Knox may be interested to know that auction clearance rates for Melbourne at the weekend (December 8-9) was 60 per cent.

This is compared to 59 per cent for the previous weekend and 53 per cent for the corresponding one from 2011.

The Real Estate Institute of Victoria says that there will be 920 auctions next weekend (December 15-16) and as it will be the last one for the year, Melbourne's clearance rate for 2012 will be 61 per cent as opposed to 59 per cent for 2011.

The weekend just gone had 875 properties go under the hammer with 524 selling and 351 being passed in.

The piece of real estate that sold for the highest price was a Brighton home at $2.7 million while the most expensive apartment was a Melbourne unit that brought in $1.45 million.

On the less expensive side of the scale, a Doveton home went for $270,000 and $234,000 was the final selling price for a Footscray unit.

Talk to Ray White Rowville about how the team can assist you with your property needs and ensure that your foray into the property market is a successful one.

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