REIV market snapshot – November 1, 2018

A clearance rate of 52 per cent was recorded over the weekend compared to 51 per cent the week before and 73 per cent the same week last year.

There were 1,200 auctions reported to the REIV, with 483 selling and 578 being passed in, 313 of those on a vendor bid.

Southbank has recorded its strongest auction performance since 2010 with 46 sales and a 76.7 per cent clearance rate.