Allianz Home Insurance

 

auction clearance rates

How to read real estate market trends using auction clearance rates

by Chris Lang on February 23, 2012
Thumbnail image for How to read real estate market trends using auction clearance rates

Auction clearance rates are a big deal in Australia. Around one-third of all residential properties are sold via auction, which justifies the importance of this indicator. Clearance rate is reported as a percentage – for example, 70% means that 7 properties out of 10 auctioned were sold on that particular Saturday. But in addition to […]

130 comments                                     Read more →