Auction markets continue to strengthen as the number of auctions held across Melbourne surges on easing restrictions

There were 1,456 capital city homes taken to auction this week, the largest volume of auctions seen since early April. According to preliminary figures, of the 1,100 results collected so far, 842 were successful auctions.  This equates to a 76.2% clearance rate, which is higher than last week’s preliminary clearance of 72.4% across a lower 1,131 auctions, later revising down to 66.2% by final collection on Wednesday.  One year ago, a much higher 2,622 capital city auctions took place…