Auction wrap from around the grounds at Ray White - 08 June

DESPITE the Queen's Birthday long weekend across most states, bidders were still out in force as Ray White had 137 auctions scheduled across Australasia, with some agents using the public holiday as a tactic when it came to booking their auction.

The post-election bounce and the Reserve Bank of Australia's rate cut to 1.25 per cent this week saw the leading auction group enjoy increased attendance and inspection numbers.

Ray White QLD Chief Auctioneer Mitch Peereboom said the cloudy weather didn't deter buyers from being out in force in Brisbane.

"We had some terrific results today and that really was in-keeping with the week as a whole. I called 38 auctions personally across the state capital with a 52 per cent clearance rate," Mr Peereboom said.

[playlist ids="43170"]

Ray White Victoria and Tasmania Chief Auctioneer Matt Condon said the long weekend had seen lower auction numbers in Victoria, but not a decrease in interest.

"On average we've seen exceptional attendance numbers at both open homes and at auctions today," Mr Condon said.

[playlist ids="43171"]

Ray White NSW Chief Auctioneer Alex Pattaro said despite lower than average auction numbers due to the long weekend, enquiry and activity remained high.

"It appears the apartment market is slightly lagging behind the housing market. We believe this is a consequence of investors and first-time buyers obtaining finance," Mr Pattaro said.

[playlist ids="43172"]