Auction markets have been a little slower this year, but Brisbane and Perth continue to hold strong.
According to Ray White, while the national auction clearance rate has dropped from 71.4% last year to 66.2% this year, Perth and Brisbane have shown resilience.
Brisbane saw a 51% increase in auction numbers and now boasts the highest average active bidding numbers in the country.
Perth, while a smaller auction market, has also seen an uptick in clearance rates and active bidders.
Ray White believes that the trend is likely to continue throughout Spring in these two markets even as volumes also increase.
