Preliminary Auction Results Show 50.7% Of Homes Sold At Auction

There were 1,850 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 50.7 per cent. Last week, the final auction clearance rate came in at 49.5 per cent across a slightly lower 1,817 auctions. While preliminary results show an improvement on last week’s final clearance rates, it’s likely that the final weighted average result will see its usual downward revision as more results are collected and come in below 50 per cent…