Curiosity, confusion kick- start 2011 auction season

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AFTER a weaker finish to 2010, curiosity and confusion greet the property market this year.

The 2011 auction season officially began at the weekend, with about 80 auctions generating a clearance rate of 51 per cent.

While it is too early to draw any conclusions, the same amount of auctions were held this time last year, although the clearance was significantly higher at 80 per cent.

The Real Estate Institute of Victoria’s first auction results list for the year includes all the auctions held since December 20 last year. As a result, there is a total of 126 auctions reported, with a 55 per cent clearance, as well as 1669 private sales.

Click here for the rest of the article (Source: Pressdisplay Website)

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