July Sees Combined Capital City Clearance Rate Above 60%

There were fewer homes taken to auction over the first week of July, with 945 capital city auctions held returning a preliminary auction clearance rate of 68.9 per cent; the 4th consecutive week above 60 per cent. Over the week prior, a higher 1,295 capital city homes were auctioned returning a 62.9 per cent final auction clearance rate. Auction volumes remain lower year-on-year, with 1,411 auctions held over the same week last year when a lower 52.6 per cent cleared.

In Melbourne, a…