
A busy autumn with auction numbers well up on last year has left Melbourne’s property market almost perfectly in balance between buyers and sellers.
But it’s possible buyers could be in control as soon as next week.
The number of homes going under the hammer and broader listings are both up on last year, giving house hunters more choice — and the state’s clearance rate has slid from a 70 per cent average in February to a 66 per cent average over the past four weeks.
Preliminary figures for yesterday put this week’s figure at 66.5 per cent from 505 results.
PropTrack economist Anne Flaherty said the figures were “pretty impressive” for school holidays, but the market was “unusually busy” for this time of year.
“It will be interesting to see what happens post school holidays; to see if that leads to a lift in the clearance rate,” Ms Flaherty said.
“But if it falls below that (mid 60s), that’s a sign we are heading more toward the buyers market.
“And I think we will have a busier winter than we did last year.”
