Outer Melbourne listings assist record June auction volume: REIV

Outer Melbourne listings assist record June auction volume: REIV
Outer Melbourne listings assist record June auction volume: REIV

June is set to be another record-breaking month with auction numbers, according to the REIV.

The REIV has tabulated about 4,000 auctions for June which will comfortably pass the record of 3,329 auctions held in June 2010.

There was a weekend clearance rate of 71 per cent compared to 61 per cent June Queen's Birthday long weekend and 70 per cent on the same weekend last year.

The REIV is expecting about 870 auctions in 246 suburbs this weekend, June 21/22.

The top auction locations this week are Richmond (19 auctions), Glen Iris (13 auctions), Hawthorn (12 auctions) and Preston (11 auctions).

Auctions continue to become more popular in the outer suburbs of Melbourne. \

So far this year, 17 per cent of auctions in Melbourne were held in outer suburbs in locations such as Craigieburn, Wheelers Hill, and Parkdale.

This compared to 14 per cent this time last year.

There are four Wheelers Hill auctions this weekend.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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