Preliminary Clearance Rate And Auction Volumes Rise Coming Out Of The Easter Period Slowdown

The weighted average preliminary clearance rate rose across a higher volume of auctions this week with 1,019 homes taken to market returning a 54.6 per cent success rate. The higher activity this week comes off the back of the Easter period slowdown which saw only 394 auctions held across the capitals and a 43.9 per cent final auction clearance rate, which was the second lowest clearance rate over the year to date.

Looking at results by property type, 56.8 per cent of houses sold at…