Due to the Easter long weekend, the week ending 3rd April closed with an expected drop in the number of auctions across Victoria. According to Realestate.com.au, 201 auctions were reported throughout the state last week.
The clearance rate was 87%, which remains on par with the very high demand this year for real estate throughout Australia. 108 homes were sold at auction, none were sold prior to auction, and 16 were passed in. No properties were withdrawn from sale during the period.
While there’s still very strong demand for real estate, especially in our capital cities, Cameron Kusher from Realestate.com.au revealed last week that demand is easing slightly since peaking in February. Nevertheless, Kusher points out that “national buyer demand is 72.8% higher than a year ago”.
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