Continued Uncertainty Around COVID-19 Has Seen The Preliminary Clearance Rate Take A Hit This Week, Falling To 61.3 Per Cent Across The Combined Capital Cities

Despite the escalating health crisis and economic fallout related to coronavirus, this week was the 2nd busiest for auction activity so far this year with 2,539 homes taken to auction across the combined capital cities, returning a preliminary auction clearance rate of 61.3 per cent which is still substantially higher than a year ago when values were falling, but well down on the recent highs.

This week’s preliminary auction results mark a turning point in buyer and seller sentiment, with…