Preliminary Auction Results Show 55.9% Of Homes Sell This Week

Preliminary auction results show 55.9 per cent of homes sell this week as fewer auctions are held across the capital cities.

The combined capital cities saw fewer homes taken to auction this week with a total of 1,400 held, down from the prior week when 1,671 auctions took place. The lower week-on-week activity returned a preliminary auction clearance of 55.9 per cent, which is higher than the previous week’s 52.6 per cent final clearance rate; although we expect as more results flow…