Victorian Property Market Wrap: November 2024 Auction Results and Buyer Sentiment
November 2024 kept Victoria’s auction market busy before Christmas, but published PropTrack commentary still pointed to a buyer-favouring Melbourne market.
November 2024 kept Victoria’s auction market busy before Christmas, but published PropTrack commentary still pointed to a buyer-favouring Melbourne market.
October 2024 showed Melbourne’s spring auction market active but selective, with Domain’s safely available late-month result showing a 59 percent clearance rate.
September 2024 brought more spring auction activity, with the latest safely available Domain result showing 1,129 scheduled Melbourne auctions and a 60 percent clearance rate.
August 2024 finished with Melbourne buyers still selective, with the latest safely available Domain results showing a 60 percent clearance rate in late August.
July 2024 showed Melbourne buyers still cautious, with mid-month Domain results showing a 62 percent clearance rate before later results became available.
June 2024 showed Melbourne auction conditions still selective, with Domain’s late-June results recording a 62 percent clearance rate.
May 2024 showed Melbourne auctions operating in balanced conditions, with late-month Domain results around 59 percent and buyers continuing to compare carefully.
April 2024 showed Melbourne auction demand holding around the low-to-mid 60s early in the month before softening in the final week available before publication.
March 2024 gave Melbourne a fuller autumn test, with weekly auction indicators showing buyer demand holding but not running unchecked.
February brought Melbourne auctions back above 60 percent for the first time since October 2023, helped by the usual early-year lift in buyer activity.