58.1% Preliminary Clearance Rate, Fewer Homes Auctioned

There were 1,210 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 58.1 per cent. Last week, a higher 1,479 auctions were held and the final clearance rate increased to 52.5 per cent; the second highest clearance rate seen over the year-to-date. Compared to last year, volumes continue to trend lower each week, with almost double the volume of homes taken to auction over the same week in 2018 (2,279) when 58.2 per cent…