AUCTION INSIGHTS
Clearance rates started this year trending above 2023 rates and closing in on 2022 elevated rates , however over the last month we ’ ve seen this rate dip . Clearance rates were trending at 70.4 per cent in April 2024 ; this is behind the 70.7 per cent in 2023 and 74.0 per cent in 2022 . Despite these results , average bidder numbers have remained stable .
Results across the country vary with prime quality assets at affordable price points achieving rates well ahead of this , indicative of the price pressures felt across the house and unit markets , particularly for owner occupiers .