Captial City Auction Volumes Down 41.5% Over The Week

This week, there were 41.5% fewer homes taken to auction across the combined capital cities with activity significantly lower across Melbourne as the city is brought to a halt amidst the Spring Racing Carnival. There were 1,535 capital city homes auctioned this week, lower than the 2,622 last week and similar to the 1,541 auctions held over the same week one year ago. The lower week-on-week activity returned a preliminary auction clearance rate of 73.6% which was lower than last week’s…