The REIV has put out some good information about the year and the level of auctions.
Last weekend notched up the 10,000 auction sale for Victoria. We are currently sitting at around 4,000 less than the same position last year. That’s quite a large change up.
The average year on year clearance rate is down 39% from the peak of 2009 which will be remembered as a stellar year for property owners.
490 Auction scheduled for this coming weekend. Not too many surprises should be expected from current conditions. Good luck if you’re bidding over the weekend.