It looks like we have finally seen a drop in Clearance Rates worth noting; below 70% we fell.
This may be the change in weather, the school holidays beginning, the lack of stock (ironically) or THE END OF THE BUBBLE – dare I say.
Typically around a public holiday, school holidays or festive holidays we see a slip in Auction Clearance Rates, although a lot of people would warn not to pay attention, sometimes the evidence is just too real.
The Clearance rate was around 68% with 360 properties listed for Auction. Of the 360, 229 were reported to have gone up for Auction with 182 reported to have sold.
I have seen evidence of larger levels of stock coming our way, will this pique buyers’ interest or will this increase competition, driving prices and Clearance Rates down?
NOBODY know, not Glenn Stevens not Harry Triguboff, nobody.
Talk soon 😉
Thomas Merriman.
Thomas Merriman 