560 Auctions Scheduled in Victoria

By Matt Hurlston

A total of 560 properties are set to go under the hammer in Victoria this weekend (April 13-14), which means that there are still plenty of choices for people looking for Carnegie real estate as we move into the winter months.

While the autumn and winter tend to be quieter for auctions compared with the busier spring and summer season, the Real Estate Institute of Victoria (REIV) notes the number of properties up for auction is likely to increase slightly next weekend once the school holiday period is over. Next weekend, for example, could see up to 620 properties auctioned off.

However, the REIV is quick to assert that an overall lower volume of auctions in the autumn and winter does not necessarily result in a lower clearance rate – in fact, these rates have remained relatively steady this year. Last weekend, the overall clearance rate for Victoria was 63 per cent of 467 auctions.

If you are interested in buying property in Carnegie, contact the team at Ray White Carnegie today – we can help you navigate the auction process and find a home that perfectly suits your needs.

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