Key statistics for 2012 Victorian Property Market
REIV reseach indicates that there will be around 69,000 residential sales in Melbourne in 2013 with 23 per cent sold by auction compared to 72,000 sales in 2011 with 24 per cent by auction.
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Metro sales |
69,000 residential sales in Melbourne with 23 per cent by auction compared to 72,000 in 2011 with 24 per cent by auction |
First Home buyers |
More active first home buyers with an estimated 29,000 compared to 24,600 in 2011 |
Victorian sales |
90,000 residential sales in Victoria compared to 96,000 in 2011 |
Overall clearance rate |
Auction clearance rate of 61 per cent compared to 59 per cent in 2011 |
Highest turnover |
Melbourne and Frankston had the highest number of residential sales for the second year in a row. Substantial increases in sales were recorded in Pakenham and Croydon |
Highest clearance rates |
The highest clearance rates were recorded in Donvale (83%), Hughesdale (82%), Heidelberg (81%) and Kew East (79%) |
Highest volume of auctions |
The largest volume of auctions was again in Richmond with 467 and a clearance rate of 67 per cent. Reservoir was second with 444 auctions and clearance rate of 52% and St Kilda third with 374 auctions and a clearance of 58 per cent |
Value of auction sales |
There has been $11B in auction sales in 2012 compared to $13.7B in 2011 |
Value of all sales* |
There was $30.2B worth of homes sold in Victoria, $27B of which was in the metropolitan area compared to $35.4B in 2011 and $43.8B in 2010 |
To compare this year to previous years click here.