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CoreLogic Quarterly Auction Market Review March 2018 | Melbourne

Over the March 2018 quarter, clearance rates fell across 6 of the 9 sub-regions when compared to the previous quarter, while auction activity was lower over the same period. Melbourne2

Clearance rates ranged from 73.5 per cent across the North West, to 60.4 per cent across the Inner East this quarter, with the largest fall seen across the West.

In terms of auction volumes, Melbourne’s Inner region was the busiest spot for auctions this quarter with 1,743 homes taken to auction, followed by the West (1,392) and Inner South (1,249) subregions.

Overall, Melbourne’s clearance rate has seen little change over the quarter, increasing by just 0.3 per cent, despite hosting 6,280 fewer auctions than December 2017, however year-on-year, auction activity has increased by 824 auctions, while the clearance rate has fallen 10 per cent.

Capital city sub-regions (Melbourne)

Ca[ital City Sub Regions

Total Auctuions

Suburb results (city by city)

Includes suburbs where at least 20 auction results were reported over the three month period noting that clearance rates are calculated based on total auction results collected rather than total auctions held.

Suburb (Melbourne) Clearance rate (Mar Q) Total auctions (Mar Q)
Abbotsford 61.3% 38
Airport West 61.5% 28
Altona 54.5% 31
Altona Meadows 68.2% 27
Altona North 45.5% 43
Armadale 67.4% 51
Ascot Vale 66.7% 45
Avondale Heights 70.8% 25
Balaclava 90.5% 23
Balwyn 47.2% 44
Balwyn North 52.2% 72
Beaumaris 86.8% 43
Bentleigh 71.0% 72
Bentleigh East 65.9% 97
Berwick 60.0% 26
Blackburn 72.2% 38
Blackburn North 75.0% 24
Blackburn South 51.6% 33
Boronia 75.0% 42
Box Hill North 45.0% 45
Box Hill South 48.3% 32
Brighton 64.9% 63
Brighton East 64.9% 62
Broadmeadows 53.1% 36
Brunswick 73.5% 78
Brunswick East 82.6% 25
Brunswick West 72.9% 54
Bulleen 51.4% 39
Bundoora 68.6% 58
Burwood 61.4% 49
Burwood East 73.9% 25
Camberwell 53.9% 84
Capel Sound 85.0% 23
Carlton 56.5% 24
Carlton North 70.0% 20
Carnegie 75.0% 44
Caroline Springs 51.9% 29
Carrum Downs 95.2% 21

 

Hughesdale 61.9% 24
Ivanhoe 66.7% 32
Keilor East 61.1% 40
Kensington 85.2% 27
Kew 64.7% 72
Kew East 63.6% 23
Keysborough 54.2% 25
Knoxfield 66.7% 23
Lalor 83.3% 46
Macleod 58.3% 24
Malvern 51.4% 38
Malvern East 76.2% 71
Maribyrnong 68.0% 28
Meadow Heights 64.5% 33
Melbourne 74.0% 75
Mentone 65.9% 54
Mernda 90.2% 41
Mill Park 83.3% 68
Mitcham 60.5% 43
Mont Albert North 30.4% 25
Montmorency 76.9% 26
Moonee Ponds 67.5% 45
Moorabbin 61.9% 23
Mornington 58.6% 33
Mount Waverley 62.1% 98
Mulgrave 67.3% 52
Murrumbeena 82.8% 31
Newport 71.7% 69
Niddrie 75.0% 25
Noble Park 62.9% 38
North Melbourne 67.6% 44
Northcote 64.2% 82
Nunawading 75.0% 25
Pakenham 66.7% 22
Parkdale 77.8% 37
Pascoe Vale 82.1% 60
Pascoe Vale South 73.9% 25
Point Cook 68.1% 90
Port Melbourne 70.7% 90
Prahran 72.5% 57
Preston 62.8% 93
Reservoir 63.4% 149
Richmond 75.0% 109
Ringwood 70.7% 49

 

Caulfield North 80.8% 47
Caulfield South 56.0% 40
Cheltenham 75.0% 74
Clarinda 70.0% 21
Clayton 76.2% 26
Clifton Hill 66.7% 26
Coburg 77.0% 67
Craigieburn 79.9% 146
Croydon 62.7% 56
Dandenong 59.3% 33
Dandenong North 54.2% 25
Deer Park 57.1% 30
Diamond Creek 57.1% 22
Doncaster 51.2% 54
Doncaster East 58.1% 54
Donvale 65.0% 25
Doreen 88.9% 28
Edithvale 81.0% 23
Elsternwick 80.0% 42
Eltham 86.8% 41
Elwood 57.9% 65
Epping 77.8% 76
Essendon 77.9% 70
Fairfield 57.1% 25
Fawkner 71.8% 42
Ferntree Gully 61.1% 43
Fitzroy 81.8% 27
Fitzroy North 76.7% 35
Footscray 73.9% 51
Frankston 72.5% 55
Frankston South 56.5% 26
Gladstone Park 90.0% 22
Glen Iris 75.0% 83
Glen Waverley 68.5% 115
Glenroy 68.8% 52
Greensborough 61.0% 44
Greenvale 80.0% 49
Hampton 61.1% 38
Hawthorn 69.7% 83
Hawthorn East 67.4% 49
Heathmont 60.0% 24
Highett 78.4% 38
Hillside 70.8% 25
Hoppers Crossing 69.5% 94

 

Ringwood East 59.1% 29
Rosanna 70.8% 27
Rosebud 51.5% 46
Rowville 67.9% 32
Roxburgh Park 82.5% 42
Rye 52.9% 38
Sandringham 72.0% 28
Seaford 75.9% 35
South Melbourne 66.7% 31
South Morang 83.7% 55
South Yarra 72.2% 88
Springvale 46.9% 35
St Albans 49.1% 71
St Kilda 64.8% 83
St Kilda East 77.8% 37
Strathmore 61.3% 34
Sunbury 80.8% 82
Sunshine 75.0% 36
Sunshine West 45.5% 37
Surrey Hills 72.3% 49
Tarneit 75.0% 29
Taylors Hill 75.0% 25
Taylors Lakes 78.3% 25
Templestowe 71.4% 35
Templestowe Lower 56.3% 36
Thomastown 66.7% 45
Thornbury 78.3% 70
Toorak 65.1% 49
Vermont South 59.3% 31
Wantirna 88.2% 37
Wantirna South 58.5% 50
Werribee 71.4% 100
West Footscray 72.7% 38
Wheelers Hill 61.4% 51
Williamstown 75.0% 51
Wollert 84.2% 40
Wyndham Vale 81.5% 30
Yarraville 66.7% 54
Metropole Property Home Buyers Enquiry

This article first appeared on Melbourne Buyers Agent  



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About

Cameron Kusher is Corelogic RP Data’s senior research analyst. Cameron has a thorough understanding of the fundamentals such as demographics, trends & economics. Visit www.corelogic.com.au


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