Melbourne’s auction clearance rate continues to sizzle each weekend with plenty of competition among prospective buyers.
Domain Group has released data showing the Melbourne suburbs with the most properties for sale in March, giving buyers an insight into the areas that have the most choice on offer.
The data shows generally, the further out from the CBD the more choice buyers have and the more property is available.
The listing data for property further out from the CBD is listed below, as for property listings with five kilometres of the CBD, Richmond, Toorak, South Yarra, Prahran and port Melbourne all had at least 38 properties for sale in March.
A little further out, between five and ten kilometres from the city, the suburbs with the most choice for buyers were Balwyn North, Kew and Preston.
The data for March listings beyond ten kilometres from the CBD were as below.
Most March house listings 10-20kms from CBD
Truganina – 422
Epping – 167
Glen Waverley – 162
Reservoir – 162
St Albans – 155
Most March house listings 20-30kms from CBD
Tarneit – 999
Point Cook – 930
Werribee – 659
Wollert – 587
Craigieburn – 505
Most march house listings 30-40kms from CBD
Wyndham Vale – 735
Melton South – 644
Melton West – 579
Sunbury – 268
Frankston – 176