Auction Activity Quieter, 1,444 Homes Taken to Auction

There were 1,444 homes taken to auction across the combined capital cities over the week, increasing from the previous week when 928 auctions were held, although lower than this week last year when 1,992 auctions were held. Preliminary results show a clearance rate of 55.2 per cent this week, although as usual this will revise over the week as remaining results are collected. Last week’s final clearance rate came in at 51.1 cent across the combined capitals, the first time we have seen the…