Subdued Start To 2019 With 526 Capital City Homes Taken To Auction Coming Out Of The Seasonal Slowdown

The first week of auction reporting for 2019 saw 526 capital city homes taken to auction, this is down almost 34 per cent on the same week last year when 790 auctions were held.  The preliminary auction clearance rate came in at 47.8 per cent, which is higher than what we were seeing at the end of 2018, when most of December saw clearance rates trend around the low 40 per cent range.  Comparing results from over the same week last year, the combined capital city preliminary clearance rate…