Still with auction numbers increasing, the clearance rate seems to be getting stronger and stronger. There were 945 auctions reported this weekend of which 818 sold and 127 passed in, resulting in an 86% clearance rate.
There were some really amazing results out there is weekend, with quite a few suburbs within the inner north recording a 100% clearance rate:
- One result which dazzled was 26/495 Royal Parade (see video post tomorrow), Parkville which sold for $825,000 against a quote of $580,000 – $640,000. This is changing records, really….
- 49 Gipps Street, East Melbourne sold strongly for $1.7 Million against a quote price of $1.4 Million – $1.5 Million. Good size though and great spot.
- 105 Pigdon Street, Carlton North sold for $959,000 against a quote price of $730,000 – $800,000.
Auction numbers will decrease next weekend, due to the Labour Day Weekend to around 250, however numbers will be back up the following weekend to around 730.