Auction activity sees marked increase...
Auction activity sees marked increase
Australia’s auction market is set for surge in activity this week as more than 2,000 homes are scheduled to go under the hammer.
Figures from CoreLogic RP Data show that 2,419 residential auctions are being tracked this week compared to the 1,565 that were held last week.
Last week’s national clearance rate finalised at 69.7%.
After being knocked off its perch as the nation’s busies market last week, Melbourne has jumped back to the top this week.
The Victorian capital is scheduled to hold 1,233 auctions this week, more than double the 602 it held last week.
Melbourne finished last week with a clearance rate of 71.5%, the third highest in the country.
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