Saturday 29th & Sunday 30th June 2013

A clearance rate of 73 per cent was recorded today compared to 69 per cent last weekend and 55 per cent this weekend last year.

There were 601 auctions reported to the REIV this weekend, with 437 selling and 164 being passed in, 76 of those on a vendor bid.

The slight increase in the clearance rate this week may be due to the first home owners grant for established dwellings coming to an end on the 30th, June 2013.

Next weekend the REIV expects around 390 auctions.

By: Enzo Raimondo CEO REIV