Auction numbers at a staggering rise from last year

The property sector has been on a roll for the past few months, with more homes made available in the market because of a steady demand for real estate. This weekend is no exception, with more homes sold under the hammer.

There will be 1,412 auctions in Melbourne over the weekend – an unprecedented increase from last year’s 626 auctions. Sydney will also have a similar number of auctions at 1,400, a rare opportunity to compare the two capital cities auction performance. Despite the high numbers, clearance rates are expected to hover above the 60% mark.

Read more about this on the Property Observer website.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

Leave a Reply

Your email address will not be published. Required fields are marked *