Auction Wrap for the week ending 8th December 2019

Great news for clients of OBrien Real Estate with the team achieving an 82% clearance at auctions this week.
This week we a look at the national figures which again support the strength in the property market not only here in Victoria but also across the country.
There were 2,837 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 74.5%. Last week, in what was the busiest auction week of the year, 3,206 auctions were held and the final clearance rate came in at 73.6%. Over the same week last year, auction volumes were lower with 2,631 homes going under the hammer across the combined capital cities, returning a final auction clearance rate of just 41%.

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