A clearance rate of 81 per cent was recorded this weekend compared to 82 per cent last weekend and 74 per cent this weekend last year. There were 1004 auctions reported to the REIV, with 810 selling and 194 being passed in, 86 of those on a vendor bid. Last month was the strongest February on record with more homes going to auction than ever before as well as a record number of homes selling at auction.
This is not a happy topic to write about, but one that is reality. If you or someone you know has recently divorced or are going through the separation process (and you own property) then you are going to have to determine how to administer or divide your shared property investments, which more often than not will involve lawyers. We understand that this process can be overwhelming and stressful. During these times it is also important to note (from previous experience) that for any changes...
A clearance rate of 82 per cent was recorded this weekend compared to 79 per cent last weekend and 69 per cent this weekend last year. There were 226 auctions reported to the REIV, with 186 selling and 40 being passed in, 18 of those on a vendor bid. Auctions continue to gain popularity in the city’s outer suburbs with 25 per cent more homes selling under the hammer in 2017, compared to the same period last year.