Auction clearance rates strengthen as Melbourne activity ramps up

The combined capital city preliminary auction clearance rate improved this week as volumes rose. There were 1,134 homes taken to auction, up from the 1,084 auctions held last week. Of the 878 results collected so far, 72.4% were successful, higher than last week’s preliminary figure of 71.5%, which by final collection on Wednesday revised down to 66.4%. Over the same week last year, a final clearance rate of 72.1% was reported across a higher 1,955 auctions. 

Capital City Auction…