01 Feb
Posted at 16:02h
in Auction Update, Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Real Estate Talk, Research, Shows, Sponsored Channels, Trends, Videos
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- 2021 auction market takes off
- Almost 900 nationally
- Over 80% reported sold
Capital city auction activity ramps up after the seasonal slowdown, with 891 homes taken to auction this week; a considerably higher number of auctions when compared to the same week last year (625).
The first week of auction reporting of the year returned a preliminary auction clearance rate above 80%. As the remaining results are collected the final clearance rate is expected to revise lower, however it’s likely to remain higher than last year’s 61% final auction clearance rate.
Watch the most comprehensive and up to date report on auction activity around Australia – powered by CoreLogic – with Eliza Owen exclusively on Realty Media’s Real Estate Talk. See all our shows at Realty.com.au
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