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Auctions and private sales

Proportion of residential sales in Melbourne by auction

This table shows the number of residential sales in Melbourne on an annual basis and the proportion of those which were sold at auction. The median price is also displayed to show the relationship between the state of the market and sales methods used.

Year 

Total metro sales*  % Auction sales** Median house price**  Change in median %
2010 

78,519

30

$560,000 

20.4

2009 

95,752

21 

$465,000 

7.4

2008 

84,060

21

$433,000 

3.1

2007 

109,755

24 

$420,000

11.3

2006 

87,211

20 

$377,500 

5.0

2005

87,188

17

$359,500

-2.3

2004

81,014

16

$368,000

2.2

2003

93,313

24

$360,000

7.5

2002

97,288

27

$335,000

11.7

2001

105,540

26

$300,000

19.8

2000

88,906

22

$250,500

NA

* Valuer General

** REIV


Proportion of auction sales by suburb in 2010

Click here to view a selection of suburbs classified by the proportion of sales by auction.

 

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