Auction Activity Lower, 1,894 Homes Taken To Auction

There were 1,894 homes taken to auction over the week, increasing from the previous week when 1,197 auctions were held, although significantly lower than this week last year when 3,136 auctions were held across the combined capital cities. Preliminary results show a clearance rate of 56.1 per cent this week, increasing from last week’s final clearance rate of 47.8 per cent. One year ago, a clearance rate of 66.0 per cent was recorded.

Melbourne was host to 943 auctions this week with…