Auction Activity Continues To Trend Lower Through Winter

Auction activity continues to trend lower through the winter season, with the preliminary auction clearance rate holding in the mid 50 per cent range

There were 1,172 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 55.8 per cent. Last week, 1,411 auctions were held and the final clearance rate was unchanged over the week at 52.6 per cent. Over the same week last year, auction volumes were higher with 1,627 homes going…