Market Update – Saturday 18th January 2014

There have been 36 auctions reported to the REIV with 19 selling and 17 being passed in, 11 of those on a vendors bid. In light of the low volume of auctions to start this year no formal clearance rate can be published.

We expect auction volumes to increase over the coming weeks. To kick off 2014, a market wrap will be highlighting some of the weeks’ sales. The wrap will look at some of the coastal and regional areas in more detail where property continues to change hands early in the year. Be sure to visit blog.realestateview.com.au to view the first article on the 22nd of January.

By:  Enzo Raimondo

Source: Reiv.com.au