Grand Final hasn't prevented Melbourne auction sales: RP Data

There may have been fewer auctions this week due to the grand final but that has not prevented people buying and selling.

RP Data’s preliminary results include 63 auctions reported in Melbourne this week with 53 finding a buyer.

Across the broader market there have been 1,748 houses and units sold over the last week. The median sale prices have remained mostly stable with $462,000 being recorded for houses and $425,000 for units.

Over the same time the daily index recorded a 2.2% rise in Melbourne which was consistent with the 2.1% recorded in Sydney. Over the medium term Sydney has stronger price growth as different fundamentals apply.

Time on market for houses dropped from 40 to 39 days over the last week.

Robert Larocca
is Victorian housing market specialist for RP Data.

Robert Larocca

Robert Larocca

Robert Larocca is Victorian housing market specialist for CoreLogic RP Data.

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