Preliminary Clearance Rate Holds Firm As Volumes Increase Across The Capital Cities

There were 1,344 capital city homes taken to auction this week, with preliminary collection showing a success rate of 59.2%.  This week’s clearance rate was the exact same as last week’s preliminary figure which later revised down to 53.1% at final collection, although last week there were a lower 1,176 auctions held.   It’s likely this week’s final clearance rate will come in around the same early 50% seen last week as we continue to see large numbers of Melbourne auctions…