Preliminary clearance rate improves as volumes rise across the combined capitals

Auction markets have returned a strong result on higher volumes this week, with the combined capitals weighted average preliminary clearance rate holding above 80%.  Every capital city recorded a clearance rate above 70% as volumes continued to surge higher after the festive period slowdown.

Capital City Auction Statistics (Preliminary)

There were 1,287 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 83.8%,…