With another weekend of auctions having been conducted we saw another relatively low clearance rate of 56% achieved.

As we head into more scheduled auctions and further out from the Royal Commission into the banking sector we should see the clearance rate pick up as not only the quality of property available improves but finance becomes more free flowing.

We have had a very disrupted start to the 2019 auction calendar but the properties that are selling are selling well.

I feel there is a lot of confusion around the place from both buyers and sellers and a lot of agents just aren’t sure what to do as sometimes I feel agents are more interested in buying the listing than selling the property.