Although the auction clearance rate dropped below 80% for the second week in a row, the properties that did sell, sold very well. All the auctions we attended went at, or above our expectations. This is quite normal with only one scheduled auction weekend remaining this year.
Prospective purchasers that are unable to secure properties in the next week will have to wait until mid to late January before the next season kicks in. There will be a flurry of before and after negotiating this week and early next week before the market closes for the festive season.
Ian James