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.