Auction Clearance Rates Holding Higher Than Late 2017

As auction volumes return to more normal levels after the festive period slowdown, auction clearance rates are holding higher than late 2017.

A preliminary auction clearance rate of 69.1 per cent was recorded across the combined capital cities as auction activity ramped up this week, with a total of 1,963 homes taken to auction, increasing from the 1,490 auctions held last week when (based on final results) 63.7 per cent cleared. While auction activity has increased over the last couple of…