Combined Capital Cities See 2,446 Homes Taken to Auction

Auction markets are continuing to show strength as both the number of auctions and auction clearance rates trend higher.  

There were 2,446 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 77.7 per cent. In comparison, 1,596 auctions were held last week, returning a final clearance rate of 73.3 per cent. Over the same week last year, auction volumes were lower with 2,293 homes going under the hammer across…