From the past week’s auction results, it has been seen that the Melbourne auction market is getting weak. The clearance rate was 73.3% this Saturday, lower from last weekend as well as the same week of the previous year.
If we talk about the regional results, the percentage was as follows:
This week the auction price in Melbourne was $793,972 down from $806,222 in the past weekends. Whereas local trend auction prices remain 10.4 per cent higher than the $719,375 recorded over the same weekend last year.
News Source: https://www.domain.com.au/news/whats-dragging-down-results-in-melbournes-auction-market-20150927-gjw528/
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