‘Tired’ deceased estate sells for $1m more than guide

Clearance rates increased and real estate agents reported high bidder numbers at auctions at the weekend as buyers shrugged off fears about another potential rise in interest rates to push house prices higher.

CoreLogic reported a 73.5 per cent preliminary clearance rate across the capital cities, up from 72.9 per cent last week. This was despite a 10 per cent rise in auction numbers to 2169.