83 %
Some 83.8 per cent of all auction campaigns had active bidding on the day .
Of all auctions had active bidding
76 %
N E W Z E A L A N D clearance rate
" Over the past seven days , our innovative internal data reinforces that , whilst media may be speculating around investors backing out of the marketplace , first home buyers have taken this opportunity and used it to their advantage with a large proportion of all auctions across the group having active bidding .
" The case remains that vendors who chose to go down the path of an auction as the method of sale are yet again rewarded with under the hammer sale prices more than nine per cent higher than the best offer prior .
" The buyer pool remains strong with average registered buyers across all auctions sitting above where they did last year , whilst active bidders at 2.9 should give every seller confidence on auction day due to the competition it creates .
" Buyers are taking confidence in this , as it ' s giving them transparency around market value , along with curbing the perception of over capitalising ."
B e n E a s t Ray White New Zealand Auctioneer