Lower Number of Homes Taken to Auction & Clearance Rates

In what’s being explained as a weakening in vendor confidence driven by the softer housing market conditions and consistently lower clearance rates, the number of Australian homes taken to auction over the September 2018 quarter was lower than the corresponding quarter in 2017. 

20,653 homes went under the hammer across Australia’s combined capital cities in the 3 months to September 2018 – the lowest volume of auctions recorded in a quarter since the March 2017 quarter, when 19,241…