AUCTION INSIGHTS
This strength in buyer demand is showing up real time at Ray White auctions . Despite the number of properties going to auction in August being 10 per cent higher than last year , the number of active bidders is up 27 per cent . There are now significantly more people bidding even though auction numbers are up .
This is also flowing through to clearance rates . More homes are selling with the clearance rate sitting at 75.5 per cent in August , up from 66.8 per cent at the same time last year . Early signs for September suggest that this higher level will be maintained .
10