Auction Clearance Rates Start The Year On A Higher Footing

The auction market is starting to bounce back from the seasonal slowdown, with almost three times the number of auctions held this week compared with last week, although volumes are lower than the same week last year. CoreLogic was tracking 779 auctions this week, compared with just 276 last week, while 881 homes were taken to auction this week last year. Although the overall number of auctions is lower than this time last year, Melbourne was the only capital city to see an increase in…