The clearance rate from this weekend's 388 reported auctions was 77 per cent, a result that indicates strong underlying demand due to improved affordability, increasing population and generous grants for first home buyers.
There were 388 auctions reported this weekend, of which 300 sold and 88 were passed in, 54 of those on a vendor bid.
Over the next three weekends, there will be plenty of choice for buyers as the REIV expects just under 500 auctions each weekend. Hodges Real Estate