8 - 9 March 2014
The Labour Day weekend is now behind us and with only one property scheduled for auction by Woodards last Saturday, we are delighted to report that the property sold. Congratulations to our Oakleigh office.
61 Euston Road, Hughesdale - sold by Woodards Oakleigh - $641k
Next weekend we are scheduled to conduct 26 auctions.
From the REIV
A clearance rate of 71 per cent was recorded this weekend compared to 73 per cent last weekend and 62 per cent this weekend last year.
There were 233 auctions reported to the REIV, with 166 selling and 67 being passed in, 34 of those on a vendor bid. It is evident that the market continues to deliver solid results.
After this relatively quiet weekend, we are expecting two more weekends of about 1,000 auctions each. This will result in more than 3,000 auctions for March which is the highest level since 2008.
Next weekend the REIV expects around 1050 auctions.