Preliminary Results Show 59.1% Of Homes Sold At Auction

There were 1,400 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 59.1 per cent, while last week, 1,324 auctions were held and the final clearance rate came in at 54 per cent. Over the same week last year, auction volumes were higher with 2,040 homes going under the hammer across the combined capital cities, and the clearance rate was a stronger 67.5 per cent. 

If we look at results by property type, houses…