OBrien Auction Wrap Week Ending 28 July

This weekend saw the last round of Auctions for the first month of the new financial year.
Clearance rates across not only Victoria but nationally across Australia shows that there has been a significant increase in confidence in the real estate market.
We have seen the highest clearance rates for more than 12 months in the month of July.
This week in Victoria there were in excess of 500 auctions scheduled with preliminary clearance rates showing 71% of properties selling.
At OBrien Real Estate for the week ending 28th July our success rate at auctions was 89% and for the month of July in total 79%