Preliminary Clearance Rate Improves As Auction Volumes Remain Steady

There were 1,107 capital city homes taken to auction this week, virtually unchanged from last week when final results saw 1,108 auctions held. The steady week-on-week activity returned a preliminary auction clearance rate just above 70 per cent (70.4 per cent), coming in higher than last week’s Sunday preliminary figure of 68.3 per cent, which later revised down to 66.4 per cent at final figures.

The strengthening weighted average results of late can be mostly attributed to Melbourne…