Auction Volumes Rise Into Spring With Success Rates Remaining In Line With Winter Levels

A very consistent auction success rate around 60% has been observed over the last Quarter. As per our indicative summary in the table above, this figure suggests a market in “fair order” with prices overall hovering around the same place. There is no discernible movement in Melbourne when looked at in a larger context.

Observers looking at data may see small changes in numbers, but unless these figures are a meaningful percentage difference or with good numbers of similar properties represented, they don’t mean much in reality. Over decades we have observed that as a broad gauge to market movement, overall success rates at auction is a very good and simple guide to non-category-specific property price movement.

As with any market place, some sales do better than others. As buyers advocates we experience our share of participation in highly competitive sales with strong competition, along with “lonely” affairs with little or no opposition at all. The key is being able to make the best of whatever confronts us to bring about the best outcome possible for our clients in whatever circumstances we encounter. 

Bruce Renowden
0412 100 501
Auction Bidding And Sale Negotiation
Property Advice
Property Search
Vendor Advocacy (for property sellers)

“Showed How Experience Provided Us With An Immediate Advantage”
Over 45 years industry experience.