Home > Auction Wrap > Auction Snapshot | 14 & 15 September

Auction Snapshot | 14 & 15 September

The REIV reported a solid auction clearance rate of 77% across the state over the weekend, a significant improvement from this time last year, which saw clearance rates sitting at 57%.

With demand for housing on the rise and the auction market heating up in the first few weeks of Spring, Jayitri Smiles from realestate.com.au says ‘no changes to negative gearing, two interest rate cuts and looser lending regulations have encouraged buyers to break into the market this year’.

According to the Real Estate Institute of Victoria [REIV], an estimated 7,000 properties are expected to go under the hammer during the Spring selling season this year. National Property Buyers Director, Antony Bucello, said ‘we’re starting to see a little bit of an increase in stock, demand and confidence continues to increase as well. It’s back heading in the right direction’.

Results. It’s a Fletchers thing.

Categories: Auction Wrap
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