REIV market snapshot – December 14, 2017

A CLEARANCE rate of 68 per cent was recorded over the weekend compared to 67 per cent the week before and 74 per cent the same week last year.

There were 1,320 auctions reported to the REIV, with 900 selling and 420 being passed in, 199 of those on a vendor bid.

More than 1,000 auctions have been held in the City of Wyndham this year with 82 per cent selling – almost tripling last year’s auction volume record when 396 homes went under the hammer.

Great Ocean Properties successfully sold 31 Hopkins Street Aireys Inlet at auction for $685,000.