Auction Market, Victoria
There were 3,563 reported auctions in June 2024 with 2,562 of these sold representing a clearance rate of 71.9 per cent. There were a total of 39,323 reported auctions in Victoria in the past 12 months, with a 73.5 per cent clearance rate.
Craigieburn had the highest number of reported auctions for the month, with 62 reported auctions, followed by Reservoir (51), Mount Waverley (48), and Glen Waverley (47).
Craigieburn also recorded the highest number of properties sold by auction (48), followed by Glen Waverley and Mount Waverley with 39 auction sales in each.
Three suburbs recorded 100 per cent clearance rate with at least 10 auctions over the month, led by Wantirna South with 16 listings. The other two suburbs were Blackburn and Murrumbeena with 10 listings in each.
It should be noted that the REIV continues to receive results several weeks after the date of auction which may lead to revisions in auction data.
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