Preliminary Clearance Rate Bounces Back Across Higher Auction Volumes

There were 2,017 homes taken to auction across the combined capital cities this week, up from 1,324 over the previous week. Preliminary results show a clearance rate of 77.3 per cent, after last week’s final clearance rate dropped to 67.6 per cent. Although the clearance rate will revise lower as final results are collected, it will likely hold around the low-mid 70 per cent range. This time last year, 1,851 auctions were held across the combined capitals, with less than half returning a…