REIV market snapshot – August 30, 2018

A CLEARANCE rate of 60 per cent was recorded over the weekend compared to 58 per cent last week and 76 per cent the same week last year. There were 640 auctions reported to the REIV, with 386 selling and 254 being passed in, 145 of those on a vendor bid.

The City of Ballarat has been a strong performer this year, reporting its highest clearance rate in 10 years at 79 per cent and 63 auction sales.