An Auction record – Not Just For Spring or 2014, But For All Time
October 28, 2014 Hodges Real Estate Information
The weekend just gone was coined ‘one for the record books’ by The Herald Sun; with more than 1600 auctions taking place across Melbourne.
On Saturday, hundreds of buyers zeroed in on covenant-free properties unaffected by heritage restrictions in order to rebuild, reported The Age. Others competed for period houses and older-style units. The market was healthy – The Age noting that this Saturday had the most auctions on a single day since the city’s first public auction of Crown land on June 1, 1837.
The Domain Group reported a clearance rate of 75 per cent from 1187 metropolitan area auctions.
Hodges Director Campbell Cooney says the market will continue to maintain its momentum – providing good opportunities for those looking to sell and buy.