Week Ending 18th May 2014
A clearance rate of 72% this week for Ray White Victoria from 67 auctions reported, compared to 64% last weekend.
Victoria clearance:
72% from 863 auctions (source: REIV)
Weekly highlights:
Well done to Ray White Manningham selling 6 from 8 auctions. Of note were two outstanding results: 35 Dorking Road, Box Hill South – sold for $1.470m ($170.000 over reserve!) – well done Thomas Liouas & 31 Golden Way, Bulleen – sold for $1.260m ($210,000 over reserve!!!) – great work Carmen Stenta and Frank Perri.
Ray White Warrnambool held an outstanding in-room event on Wednesday evening, selling 7 from 9. Excellent work from Jess, Leanne and the team. A big crowd gathered and the energy in the room was electric!
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Australia’s housing market shows two-speed performance. Major east-coast capitals stall while Perth, Adelaide and regional areas continue climbing. Supply shortages fuel outperformers as auction competition cools nationwide.