Auction clearance rates in the last week have remained uninspiring (the Melbourne figures in particular, but in no means exclusively, should be looked at in the context of annual figures etc). Quite simply, auctioning still remains very much a strategy for those with a propensity to gamble.

Marquette Turner Luxury Homes maintain the opinion that auctions are not the strategy to sell or buy in anything but a buoyant market, and it does not take an expert to appreciate that this is not that market.

Source: RP Data

Simon Turner