Combined Capital City Preliminary Clearance Rate Above 70% As Volumes See A Slight Uplift

The combined capital cities returned a preliminary auction clearance rate above 70% this week, which was the highest preliminary result we’ve seen since early March, right before restrictions to onsite auctions and inspections were announced. The improved clearance rate was across a higher volume of auctions over the week, with 613 scheduled auctions. While volumes were higher week-on-week, they remain significantly lower than what we would usually see, with 2,055 homes taken to auction…