Auction clearance rates continue to peak while offical interest rates are held

For the second weekend in a row the Auction clearance rates have been 78% this is a continuation of a very strong market that we have seen all year, August recorded a 76% clearance rate for the month which was one of the highest recorded for the year.

The RBA today decided to leave the cash rate unchanged at 1.5%, interest rates remain low one of the driving forces behind the current market.