Auction Volumes More Than Doubled, 2,041 Homes to Auction

There were 2,041 homes taken to auction across the combined capital cities this week after the previous week saw volumes drop to 930, likely due to the federal election. This time last year, volumes were higher with 2,297 auctions held.

Preliminary results show a clearance rate of 62.6 per cent across the combined capital cities this week although we will see some downwards revision over the week. Last week’s final clearance rate came in at 55.2 per cent, the highest clearance rate we…