Melbourne posts highest clearance rate in 4 years

After hosting more than 1000 auctions for the first time this year, Melbourne finished the auction weekend with a much more impressive statistic, posting the highest clearance rate in 4 years at 79%. The clearance rate posted in the same time last year was at 69.5%.

Data shows a steady improvement in the housing market over the years, with vendors able to sell properties at a high clearance rate despite a rise in home values.

Read more about this on the Property Observer website.