Australia records its busiest ever month for auctions during a period when the real estate market is usually winding down for Christmas.
Australia has recorded its busiest ever month for auctions during a period when the real estate market is usually winding down for Christmas.More than 4,000 properties have gone to auction each week for the past four, which has never happened beforeAuction clearance rates are falling in Sydney, Melbourne and Canberra, an early sign that price growth may soon stop
More than 4,000 homes have been auctioned every week for the past four, which CoreLogic says has never occurred before. CoreLogic said there were a further 600 auctions scheduled for this week ahead of Christmas Day on Saturday. "Activity doesn't normally rebound until late January or early February, however we could see an earlier start to the season if the December momentum carries through to 2022."
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