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Looking forward to big auction weekend

24/08/2010

Auction activity was subdued around the capital cities on election day last Saturday but clearance rates nevertheless remained good at around 63 per cent for both Sydney and Melbourne. Next weekend is expected to be a big auction weekend, particularly in Melbourne, Real Estate Institute of Victoria chief Enzo Raimondo said. “There was a low number of auctions this weekend due to the federal election,” he said. “This however has not had any negative impact on demand,” he said, adding that the Institute expects around 740 auctions across Victoria next weekend.

Source: The Advisor



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