Archive for March 17th, 2010

Auction clearance rates are improving

Figures put out by RealEstate.com.au showed that clearance rates at auctions have improved quite remarkably in the past year.  They were quoting figures for December 2009 and the following are the top 5 for clearance rates:

78.4% Melbourne
76.9% Canberra
72% Sydney
53.9% Adelaide
50% Tasmania

Given the fact that an auction contract is a cash contract, buyers are obviously ready [...]