Another Steady Week For Auctions Across the Capital Cities

Auction activity remains relatively steady across the combined capital cities this week, with a total of 1,746 homes taken to market, returning a success rate of 63.1 per cent increasing from last week’s final clearance rate which saw the lowest weighted average result so far this year at 61.7 per cent (1,915 auctions).

The results segregated by property type showed that units outperformed houses this week, with 65 per cent of units selling, while the combined houses returned…