There was a 60% clearance rate this weekend from 619 auctions. There were also over 450 private sales. Of the three properties we purchased last week all were either gazetted auctions or deadline sales. All were purchased prior to the gazetted date. Agents are definitely becoming more open to offers prior to auction when the […]
The REIV are reporting a clearance rate of 58% for the weekend. With results now firmly sitting under 60% we are starting to see more agents doing deals outside the auction method of sale. Selling agents will be looking for more innovative ways of selling their clients homes over spring. With annual turnover down substantially, […]
Clearance rates are stagnating at 60% on very low turnover. The State Government budget this year has Kim Wells pulling his hair out trying to manage the State’s finances. We have data analysts contradicting each other and we have real estate agents telling us how well they are doing. Throw in the uncertainty of variable […]
It was great to read the excellent article from Chris Vedelago in Sunday’s Age. We have written many times since 2007 about clearance rates and what they actually mean. VERY LITTLE. If you have a voluntary system where agents are averse to letting the public know when they are not selling properties under the hammer, […]
