Strong auction rates continue into new year
Auction market results across Australia’s capital cities have been buoyant in a month that is traditionally seen as the low season.
The auction market for 2022 has started off strong with 461 homes across Australia scheduled for auction this week. With January traditionally being ‘low season’ for auctions, the momentum from the last quarter seems to have carried forward, with this week’s volumes up 125 compared to last week and up 88.9% from last year.
Almost 43,000 properties were taken to auction in Q4 2021, 42,918 properties across the combined capital cities in the three…