Combined Capital City Clearance Rate Bounces Back

Auction volumes increased week-on-week with 1,487 auctions held across the combined capital cities this week, returning a preliminary auction clearance rate of 66.4 per cent. Over the previous week, the final clearance rate dipped to 48.3 per cent across 805 auctions, with the lower volume of auctions attributed to the Queen’s Birthday long weekend across most of the capitals. It’s likely that as the remaining results are collected, the final result will still hold above 60 per cent for…