Preliminary Clearance Rate Lower Week-On-Week

The combined capital cities saw an increase in the number of homes taken to auction this week with a total of 1,985 auctions held, up from the week prior when 1,916 auctions took place. The higher week-on-week activity returned a preliminary auction clearance of 55 per cent, which is lower than the previous week’s 55.3 per cent final clearance rate. 

So far the Spring selling season has seen a lower volume of auctions take place each week relative to the same period last…