Saturday 4th & Sunday 5th September 2010
If the first few weeks of spring sets the tone for the rest of the year then this spring will be one when buyers have good opportunities and vendors achieve healthy results. This is sort of balanced residential auction market Melbourne has not witnessed for a few years.
The clearance rate was 72 per cent, compared to 70 per cent last weekend.
There were 603 auctions reported this weekend with a total of 433 selling and 170 being passed in, 90 of those on a vendors bid.
This weekend last year saw 568 auctions and a clearance rate of 85 per cent.
Over the next fortnight the REIV expects around 1430 auctions.
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