Melbourne is known as the city of property auctions, so suburbs that do particularly well in their clearance rates are not unusual. However, even in this highly competitive market, Carnegie has managed to pull off a perfect run in the year to date. The Real Estate Institute of Victoria shows that every single property that has gone to auction has been sold in this highly-desireable neighbourhood.
This is an excellent result for both sellers and buyers looking to get their own piece of Carnegie real estate, but we must not forget the rest of the nation. March is when sales and clearance rates really begin to kick off, as demonstrated by CoreLogic RP Data, and it looks like auction fever is really starting to grip the nation.
CoreLogic reports that the capital cities have managed to keep the auction spirit alive and retain their high clearance rates, as they each continue to trend above 70 per cent for the fourth week in a row. Melbourne is leading the charge with help from suburbs like Carnegie with excellent sales results, reaching an average of 75 per cent clearance rates across the city.
With Carnegie demonstrating itself to be a suburb full of eager buyers, people looking to invest in the area might be wondering why this particular is so popular. The new SkyRail plans may be the cause, as new buyers are looking to jump on this prime indicator of real estate value growth before the construction is completed.
Whatever the reason, Carnegie is rising to the top when it comes to auctions.
If you’re looking to put your Carnegie property up for auction and take advantage of these incredible results, get into contact with Matt Hurlston and the team at Ray White Carnegie. We can help you prepare, market and sell your real estate and help you make the most of the swelling selling season.
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