Auctions

What is really happening with auction clearance rates?

What is really happening with auction clearance rates?

If you’ve been watching the property results lately you can’t help but notice that the auction clearance rates have been quite low, in fact last week in Melbourne, the average clearance rate was 41.6% with some areas such as the inner east falling below 40%! But what does all this mean? is it really as bad as what the media make it out to be? It really depends, read on and I’ll try to explain my view on the current market play.