Improved Preliminary Clearance Rate Across Lower Volume Of Auctions Week-On-Week

There were 1,529 homes taken to auction across the combined capital cities this week, returning a preliminary clearance rate of 77 per cent. Over the previous week, auction volumes were slightly higher with 1,615 homes taken to auction, while the final clearance rate came in at 70 per cent.

This time last year, 1,916 auctions were held across the capital cities with a final clearance rate of just 55.3 per cent. The final clearance rate across the combined capitals has held at or above…