A clearance rate of 81 per cent was recorded this week compared to 80 per cent last week and 73 per cent this week last year. There were 1099 auctions reported to the REIV, with 894 selling and 205 being passed in, 89 of those on a vendor bid. More than 8,500 homes have gone to auction this year with 80 per cent selling under the hammer. The city’s outer suburbs now account for 25 per cent of all metropolitan auctions.
