Capital City Preliminary Clearance Rates Improve As Volumes Increase

There were 1,115 homes taken to auction across the combined capital cities this week, up from the 896 homes auctioned last week. The higher volumes saw the preliminary auction clearance rate rise to 71.2 per cent after last week’s 65.4 per cent final clearance rate. The weighted average clearance rate has improved over each of the last four weeks, coming in above the mid-60 per cent range over the last two weeks and showing a vast improvement year-on-year when around 50-55 per cent of the…