Clearance Rates-Week 2 March
There were 837 auctions reported to the REIV this weekend, with 615 selling and 222 being passed in, 128 of those on a vendor bid.
This makes the clearance rate about 73 per cent for the weekend compared to 67 per cent last weekend and 68 per cent this weekend last year.
To date, around 3,500 homes have sold under the hammer so far this year.
With interest rates still the lowest they have been in over 50 years, is it any wonder property buyers and investors are taking advantage of properties on offer across all sectors
This weekend we were able to help two property buyers with their home purchase and home loan, it pays to have an experienced mortgage broker on your side when planning to bid at auction
Next weekend the REIV expects around 1,110 auctions.
Stay tuned for further updates
As always, enjoy life, work hard, play safe and remember that we are always here to help you
‘Take the Confusion Out of Lending’
Peter Vinci - 0438 041 111