Auction Activity On The Rise
Auction activity continues to increase, with more vendors starting to come to market now that prices are rising.
Last week marked the busiest auction week since Easter, with 2,275 homes auctioned across the capital cities.
Auction activity is 11.7% higher than last week (2,037) and 13.4% above the 2,006 auctions held this time last year.
However, the increase in stock levels has seen the preliminary clearance rate drop to 72% with 1,766 properties so far achieving a successful result.