Combined capital city preliminary clearance rate increases on higher volumes

There were 2,876 homes taken to auction across the combined capital cities this week, and of the 2,425 results collected so far, 80.4 per cent reported a successful result. In comparison, the previous week saw 2,087 homes taken to auction and a preliminary auction clearance rate of 78.5 per cent was recorded, revising down to a final clearance rate of 77.2 per cent by Wednesday. One year ago, 612 auctions were held across the combined capitals, with just 47.5 per cent of the 531 reported…