Preliminary Clearance Rate Improves Across Combined Capital Cities

The preliminary clearance rate increased to 58.7 per cent this week, after last week saw the final clearance rate revise down to just 52.4 per cent. Auction volumes were lower over the week with 1,842 homes taken to auction across the combined capital cities, down from 2,002 last week. While the preliminary clearance rate tends to revise lower over the week as the remaining results are captured, the final clearance rate should still show an improvement week-on-week.

Melbourne…