Preliminary Clearance Rate Lower Week-On-Week As Volumes Remain Steady

The combined capital cities returned a preliminary auction clearance rate of 68.3 per cent over the first week of August, coming in lower than last week’s final clearance rate when 68.6 per cent of auctions reported as successful. The lower clearance rate this week was across a similar number of auctions week-on-week, with 1,100 capital city homes taken to auction, slightly lower than the 1,124 homes auctioned the week prior. Year-on-year figures continue to see clearance rates trend…