{"id":16414,"date":"2019-01-21T14:30:35","date_gmt":"2019-01-21T01:30:35","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=16414"},"modified":"2019-01-21T14:30:35","modified_gmt":"2019-01-21T01:30:35","slug":"melbourne-auction-clearance-rate-drops-22-per-cent-across-2018","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/melbourne-auction-clearance-rate-drops-22-per-cent-across-2018\/","title":{"rendered":"Melbourne auction clearance rate drops 22 per cent across 2018"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a013 Old Aqueduct Rd, Diamond Creek\u00a0beat the odds with multiple developers bidding for the property in an auction that soared $1.725 million past reserve in December.\u00a0<span class=\"image-source\"><em>Source: Supplied<\/em><\/span><\/strong><\/p>\n<p class=\"description\">Slow banks have joined a property market correction in footing the blame for a Melbourne auction wipe-out that slashed more than 20 per cent from the citywide clearance rate last year.<\/p>\n<div class=\"story-content\">\n<p>The nation\u2019s auction capital has been particularly exposed to lengthening home loan approval timelines as lenders step up their due diligence on borrowers.<\/p>\n<p>New CoreLogic figures show the city\u2019s clearance rate fell from the 68.1 per cent recorded across the three months ending in December, 2017, to 45.8 per cent for the final three months of 2018.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.news.com.au\/finance\/real-estate\/melbourne-vic\/melbourne-auction-clearance-rate-drops-22-per-cent-across-2018\/news-story\/bff88c00712e8dea1ebcf14ad99d7ff3\">NEWS.COM.AU<\/a><\/p>\n<\/div>\n<p>https:\/\/www.instagram.com\/p\/Bsq-QA7FiXp\/<\/p>\n<p><a class=\"twitter-timeline\" data-width=\"1200\" data-height=\"1000\" data-dnt=\"true\" href=\"https:\/\/twitter.com\/propertynoisenz?ref_src=twsrc%5Etfw\">Tweets by propertynoisenz<\/a><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a013 Old Aqueduct Rd, Diamond Creek\u00a0beat the odds with<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/melbourne-auction-clearance-rate-drops-22-per-cent-across-2018\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":16415,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098730,478098512,478098521,478099769,478098892,478098519,478098535,478098537,478103223,478098513,478099125,478098579,478098510,478098514,478098511,478098705,478098533,478098921,478098509],"class_list":["entry","author-wpcomsupport","post-16414","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-auctions","tag-australia","tag-australians","tag-clearance-rate","tag-corelogic","tag-home-ownership","tag-house-prices","tag-melbourne","tag-melbourne-auction-clearance-rate","tag-property","tag-property-crash","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-franchise","tag-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Melbourne auction clearance rate drops 22 per cent across 2018 - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/melbourne-auction-clearance-rate-drops-22-per-cent-across-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Melbourne auction clearance rate drops 22 per cent across 2018 - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"&nbsp; 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