Preliminary Auction Results Show 50.2% Clearance Rate Across The Combined Capital Cities

Preliminary results show half of the homes taken to auction across the combined capital cities were successful over the 5th busiest auction week of the year

Auction volumes were the highest they have been since late March with 2,919 homes taken to auction across the combined capital cities this week, increasing from 2,139 last week although much lower than this time last year (3,713). The higher volumes this week were largely thanks to Melbourne as vendors rush to auction prior…