According to The Australian Financial Review, residential auction volumes jumped by 14.2 per cent over the week to 2190 nationwide to its highest level since late June, as vendors sought a faster way to sell, data from CoreLogic shows.
Preliminary clearance rates also rose slightly to 62.5 per cent, up from 61.7 per cent in the previous week, amid early signs the auction market may be stabilising.
Tim Lawless, CoreLogic research director, said more vendors were choosing to go to auction to ensure a faster sale and were now more willing to meet the market’s expectations.
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