Auction Activity Quieter, 2,614 Homes Taken to Auction

There were 2,614 homes taken to auction over the week, down from the previous week when 2,749 auctions were held, and lower than this week last year when 3,371 auctions were held across the combined capital cities.

Preliminary results show a clearance rate of 45.3 per cent this week, increasing from last week’s final clearance rate of 41.3 per cent. One year ago, a clearance rate of 59.5 per cent was recorded. As final results are collected we will see the clearance rate revise down below…