Auction Volumes in Capital Cities Rise Above 2,000

There were 2,303 homes taken to auction across the combined capital cities over the week, returning a preliminary auction clearance rate of 54.1 per cent, while last week, auction volumes were lower with 1,450 auctions held and a 51.2 per cent clearance rate. Over the same week last year, 3,313 auctions were held and a clearance rate of 66.8 per cent was recorded. 

Last week’s final clearance rate marked the second week in a row where the final clearance rate held above 50 per cent, an…