Over 60 Per Cent Of Capital City Homes Sell At Auction For The 3rd Consecutive Week

There were 1,292 capital city homes taken to auction over the final week of June, returning a preliminary auction clearance rate above 60 per cent for the third consecutive week (66.5 per cent). Last week, a higher 1,484 homes were auctioned with 60.5 per cent reporting a successful result at final figures.

The higher auction results align with the trend in housing values, where the rate of decline has been consistently improving through 2019, largely driven by improved conditions across…