Market Wrap
A clearance rate of 81 per cent was recorded this weekend compared to 77 per cent last weekend and 69 per cent this weekend last year. There were 1114 auctions reported to the REIV, with 907 selling and 207 being passed in, 86 of those on a vendor bid. Auction sales have reached a six-month peak in the past fortnight - boosted by strong buyer interest in Melbourne's northern suburbs.