Preliminary Auction Results Show 59.7% Of Homes Sold At Auction

This week marks 12 months since the combined capital city auction market last recorded a clearance rate above 70 per cent, with selling conditions progressively weakening over the year as property values fall resulting in fewer homes selling at auction. There were 2,287 homes taken to market this week across the capital cities, returning a preliminary clearance rate of 59.7 per cent, after last week saw the final clearance rate fall to the lowest recorded since late 2013, with 56.8 per cent…