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Auction figures rise nationwide

By Louise Morrin

The popularity of selling real estate at auction across Australia has continued to rise during 2015, offering vendors the chance to pit buyers against each other and potentially earn a strong return. 

A new release from CoreLogic RP Data has highlighted this growth, illustrating that for the week ending 3 May the nation has seen 2,295 auctions across the capital cities. This is significantly higher than the 2,053 recorded at the same time in 2014. 

Last week's auction clearance figure in Sydney was 89.7 per cent, which is the strongest result recorded in the city. Furthermore, over April as a whole Sydney posted a clearance rate above 83 per cent each week. 

This could be encouraging for vendors interested in selling their property in Carlton. The latest Commonwealth Bank Home Buyers Index from January has outlined that New South Wales is considered a balanced market, with a fairly even split between buyers and sellers. 

As such, putting your home on the market in the coming months could offer a great opportunity to secure a return, giving you the chance to move on and find a new property in the future. 

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