AUCTION INSIGHTS
Clearance rates did see some decline during the end of 2023 , yet still remained ahead of 2022 results . Auction clearance rate results for January 2024 have shown encouraging results , achieving 65.6 per cent , ahead of the 2023 rate of just 60.3 per cent . Lack of stock , resulting in greater competition at auction despite elevated interest rates , will likely continue to be a feature this year .