Preliminary Clearance Rate Picks Up As Volumes Increase Week-on-week Across The Combined Capitals

Auction markets have shown a strong result on higher volumes, with preliminary clearance rates around the 80% mark across the largest auction markets as the number of properties taken to auction tracks well above levels from a year ago.

There were 1,555 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 78.6 per cent. In comparison, 1,167 auctions were held last…