Another 1,000 plus auctions this weekend: RP Data's Melbourne auction preview
Robert LaroccaDecember 7, 2020
There are twice as many auctions this week as there was this time last year. This week RP Data is expecting 1,120 auctions in Melbourne compared to only 554 this time last year.
Last weeks result showed that increased stock numbers at auction and in the market generally are having an impact with a comparatively low clearance rate recorded.
The increased stock numbers should be welcomed by buyers as it acts to moderate price growth in what is an otherwise tight market.
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Robert Larocca
Robert Larocca is Victorian housing market specialist for CoreLogic RP Data.