AUCTION INSIGHTS
Clearance rates have shown improved strength in 2024 . Limited listings and ongoing need for housing stock has translated into good success at auction . Results for March 2024 sit at 72.1 per cent , slightly behind 2022 results of 73 per cent , albeit well ahead of last year ’ s results . With limited listing numbers and expectations of interest rate reductions , we expect to see greater urgency enter the market , keeping clearance rates elevated this year .