74.8% Of Capital City Auctions Successful This Week

There were 1,456 auctions held across the combined capital cities this week, significantly lower than the 3,026 held last week, however higher than the 1,197 auctions held one year ago. The fall in auction volumes this week is likely due to the fact that four of the eight states and territories have a public holiday this coming Monday. 

The preliminary auction clearance rate across the combined capital cities rose to 74.8% this week, up from the final 73.9% last week. Over the…