Chat with us, powered by LiveChatLooking back at 2013

Looking back at 2013

A recently published review of Melbourne’s property market in 2013 provides an interesting overview of market activity during the year that was.

If you’re interested in reading the entire article, there is a link at the bottom of this post that will take you there. But for a “bite size” version, here are a few of the key statistics for 2013… As we mentioned earlier, these are a small summary of the significant figures. If you’d like to know more, you can go straight to the REIV figures by CLICKING HERE...

  • We finished with close to 110,000 sales in Victoria.
  • 80,000 of those property sales were in Melbourne.
  • The state’s auction clearance rate finished at 71%.
  • There were 9 "Super Saturdays" in 2013, (weekends with over 1000 auctions).
  • A total of 28% of all of Melbourne’s sales were by auction, up from 23% in 2012.
  • Melbourne’s median house price rose 14.9%, the biggest increase since Sept 2010 when annual growth was 16.1%.