Capital City Preliminary Clearance Rate Rises

Capital city preliminary clearance rate rises to 67.3 per cent, with auction activity across the capitals significantly lower.

There were 1,721 auctions held across the combined capital cities this week, significantly lower than the 3,026 held last week, although higher than one year ago (1,473). The fall in auction volumes this week is due to the fact that four of the eight states and territories have a public holiday this coming Monday. 

The preliminary clearance rate across…