Latest Residential News

Auctions set records, attract higher prices

The national property auction market has broken all records for the first few months of the year, while also notching up the busiest ever Easter week of activity.

Graphic of auction gavel with model house in background.
Auctions have netted sellers an extra 11.7 per cent more under the hammer than if they’d accepted the highest offer prior to auction. (Image source: Shutterstock.com)

The national property auction market has broken all records for the first few months of the year, while also notching up the busiest ever Easter week of activity.

CoreLogic’s Quarterly Auction Market Review revealed that 23,748 homes went under the hammer in the first three months of 2022, making it the busiest March quarter since records began in 2008.

For comparison, there were 19,004 capital city homes taken to auction in the first quarter o…

Lastest News