A Strong Result Across Sydney’s Auction Market Supports A Capital City Preliminary Clearance Rate Of 67.3 Per Cent While Activity Across Melbourne’s Auction Market Hibernates

This week, the combined capital city preliminary auction clearance rate held firm relative to last week across a lower volume of auctions. There were 823 homes taken to auction over the week, down from 866 over the previous week and 1,639 this time last year. Of the 657 results collected so far, 67.3 per cent were successful, roughly equivalent to last week’s preliminary figure of 67.5 per cent which later revised down to 60.5 per cent at final collection. Over the same week last year, a…