So now a 30% clearance rate is considered positive, what...

So now a 30% clearance rate is considered positive, what the??

WC8


"BATTLE-scarred property industry veteran Gary Gannon had reason to smile today after $15 million in property sold under the hammer at the Ray White Broadbeach Blockbuster auction.

The auction, which saw 70 properties offered, attracted a crowd of more than 400 people to the Gold Coast Convention and Entertainment Centre.

The most expensive property to sell was a two-storey home sitting on the beachfront at 35 Jefferson Lane which changed hands for $2.425 million.

More than 30 per cent of the properties offered on the day were sold under the hammer.

Mr Gannon said he was rapt with the result, with a clearance rate of between 25 per cent to 30 per cent held to be a good outcome.

''With a result like that the first quarter of the year looks positive for the Gold Coast,'' he said.

The auction attracted a crowd of about 400 at its peak."

http://www.goldcoast.com.au/article/2011/01/22/285845_gold-coast-news.html