The auction market improved somewhat this weekend in terms of clearance rate. There were 525 auctions this weekend of which 379 sold and 146 passed in, resulting in a clearance rate of 72% – up from last weekend’s 67%.
The inner north performed quiet well, with most stock selling and solid results overall.
Of note this weekend was 79 Ramsden Street, Clifton Hill which sold for $922,500 against a quote of $790,000 – $860,000. This property attracted 3 bidders who fought it about competitively.
Stock levels remain solid with 1200 homes offered at auction over the next two weekends.