Federal Election Week Sees Slow Auction Market

There were fewer homes taken to auction across the combined capital cities this week, as the nation stopped amidst the Federal election hype. Of the 917 homes that did go to auction this week, preliminary results show that 57 per cent were successful. Over the week prior, 1,218 homes were auctioned and the final auction clearance rate came in at 54 per cent; the highest final result since September last year. Comparing results from the same week last year, a higher 2,100 homes were taken to…