Capital City Auction Markets Record 76.6% Clearance Rate

There were 1,221 homes taken to auction across the combined capital cities this week returning a preliminary clearance rate of 76.6 per cent, while the previous week saw 1,111 homes taken to auction returning a final clearance rate of 67.8 per cent. As remaining results are collected, we expect the final clearance rate across the combined capitals will revise lower, however it will likely hold above 70 per cent which is something we haven’t seen since May 2017. Over the same week last…