Auction clearance rates for May 14 and 15
The clearance rate for residential auctions this weekend is 56% from the 518 auctions reported selling.
This is lower than the year to date clearance rate of 61% and less that the comparable weekend last year when there was 776 auctions reported with a clearance rate of 75%.
Of the 518 auctions reported this weekend a total [...]
Melbourne auction market clearance rate peaks
Of the 452 properties up for auction, 83 per cent sold and 77 properties were passed in!
But the number of properties for auction was 126 fewer than at the same time last year!
Real Estate Institute of Victoria CEO Enzo Raimondo attributed the high clearance rate to the extension of the first-home buyers grant [...]