Clearance rates this week differ in the two newspapers; maybe not all properties being passed in or sold are getting reported!!
The Age with 477 Auctions, Clearance rate 65%
The Herald Sun with 477 Auctions, Clearance rate 62%

Either way, no big shock. School Holidays, Petrol Prices, Tax Time could all be weighing in on these figures.

This time last year there were 614 Auctions with a clearance rate of 85%. More buyers, more choice.

The Range Stats below show the Higher end is struggling with clearance rates at 45% in the $1m – $2m bracket; whereas the $300,000 – $400,000 is still moving along at 70%, making good negotiating the key to a good buy. More reason to get an expert on your side.

Results according to price range
Price Range	Total Offered	Passed In	Sold	Clearance Rate	Private Sales
$1 to $200,000	5	2	3	60%	80
$200,001 to $300,000	57	18	39	68%	144
$300,001 to $400,000	86	25	61	70%	165
$400,001 to $500,000	70	23	47	67%	73
$500,001 to $700,000	100	39	61	61%	92
$700,001 to $1,000,000	70	30	40	57%	28
$1,000,001 to $2,000,000	35	19	16	45%	13
$2,000,000+	2	2	0	0%	1
Undisclosed	53	11	42	79%	2
Source: REIV.

Lets see what the next week brings for the start of the new financial year.

Sam James