The auction season commenced over the weekend producing a clearance rate of 71 per cent on 620 auctions. In addition to the weekend auctions there were 400 private sales. Next weekend will be the first test for the year with 1320 auctions expected for the weekend (the first Super Saturday for 2014).

All auctions attended by the Elite team over the weekend sold under the hammer to the tune of 10% – 20% above the reserve price. Check out some of the results below.

If you missed it, Elite Property Advisory provided comments in The Sunday Age yesterday around the feel of the current market. We are looking forward to seeing what clearance rates are achieved next weekend from the expected 1320 auctions.