The clearance rate this weekend, dropped to below 80% – for only the second time in the past 12 months.
There were 841 auctions this weekend, of which 655 sold and 186 were passed in resulting in a 78% clearance rate.
Noticeably, we did see a pull back on many results.
Of note this weekend was the sale of 4-6 Canning Street, Carlton. The auction began at $2,000,000 on a genuine bid and was announced on the market at $2,550,000 and sold well for $2,710,000 with 4 bidders fighting it out.
Also of the note, the sale of 935 Park Street, Brunswick which sold for $1,157,000 against a quote of $800,000 – $880,000.
Auction numbers will remain high over the next few weeks, with around 2400 to take place. We really are in for a good test.
For more info on the auction wrap watch the video above.