House sells $500k over reserve as market volumes pick up

According to The Australian Financial Review, the number of auctions and clearances were higher in the week to 12 August, which experts say shows vendors and buyers have gained confidence that interest rate rises are coming to an end.
The clearance rate, 71.3 per cent, was a touch higher than the 71 per cent initial rate a week earlier – a figure subsequently revised down to 64.5 per cent – as the number of scheduled auctions rose picked up to 1911 from 1746 in the east coast-dominated national market, CoreLogic figures showed.

https://www.afr.com/property/residential/house-sells-500k-over-reserve-as-market-volumes-pick-up-20230813-p5dw2j