real estate auctions

Due to the financial turmoil middle and high-end owners have avoided listing their properties and subsequently home sales have plummeted.

The Australian reported that although the proportion of auctioned properties being sold continued to improve, the property volumes reveal a grimmer picture.

It seems that home owner's grants are not enough to prompt buyers, as Victoria's real estate market has dropped to its lowest point in more than four years.

There were 807 auctions held this Saturday, of which one of two homes failed to sell under the hammer.