Some 1123 auctions were held in Melbourne this weekend, just short of a super Saturday.
By evening, Domain Group had recorded a preliminary clearance rate of 79.1 per cent from 774 reported results.
Frustrated buyers who couldn’t find a home before the end of last year were continuing to drive prices up in the auction market, by going the extra mile to secure a property as soon as possible, Whiting and Co agent Marcus Peters said.
“People will pay a bit more if they get their weekends back and don’t have to spend any money [updating] something,” he said. “They’ve got busy lives, they want to get on with their weekends and so, basically, you can see there is hunger in their eyes.”
