Auction Clearance Rates Above 50%, Easter Activity Surges

There were 2,268 homes taken to auction across the combined capital cities this week, increasing from 1,976 over the previous week and 1,915 over the same week last year. This was the last week of auctions before the Easter weekend slowdown and while volumes have increased week-on-week, they are significantly lower than the week prior to Easter 2018 when 3,990 homes were taken to auction; the busiest week for auctions on record.

Although the number of auctions remain well below the week…