Auction Summary – Week ending Sunday 26 Jun 2016
Auctions Held – 847
Clearance Rate – 71%
This Time Last Year
Auctions this weekend last year – 849
Clearance rate this weekend last year – 79%
A clearance rate of 71 per cent was recorded this weekend compared to 71 per cent last weekend and 79 per cent this weekend last year. There were 847 auctions reported to the REIV, with 600 selling and 247 being passed in, 89 of those on a vendor bid. Auction volumes have increased significantly in the past fortnight – up about 150 on late June last year. Next weekend will see fewer auctions as attention moves to the Federal Election.