The latest happenings in the Melbourne property market. For our Essays and The Secret Agent Report, see our Research page.

Auction Wrap – June 13th & 14th 2010

659The auction clearance rate improved somewhat this weekend, as a result of the lower number of auctions taking place.

There were 268 auctions that took place this weekend, of which 207 sold and 61 passed in, resulting in a clearance rate of 77%.

Of note this weekend was the sale of 695 Drummond Street, Carlton North (pictured) which sold for $1,164,000 against a quote of $910,000 – $1,100,000.  65 Budd Street, Collingwood sold before auction for $937,500 against a quote of $650,000 – $700,000.

Next weekend is set to hold around 1000 auctions – a record number for June.

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