Preliminary Clearance Rate Improves While Fewer Homes Taken To Auction

Auction volumes were down week on week across the combined capital cities, with a total of 1,185 homes scheduled for auction. The lower activity which we have historically noted over school holiday periods, returned a preliminary clearance rate of 65.1%. This was higher than last week preliminary figure of 64.5% across a higher 1,485 auctions, which later revised down to 60.6% at final collection. Looking at results from the first week of July last year, a lower 953 homes were taken to…