Preliminary Clearance Rate Of 69 Per Cent Across The Combined Capital Cities

There were 854 homes taken to auction across the combined capital cities this week returning a preliminary clearance rate of 69 per cent. Last week saw 953 homes taken to auction with the final clearance rate coming in at 64.0 per cent, the highest final clearance rate since April last year.

The final clearance rate has held above 60 per cent for the last 4 weeks and we expect this week will be no different. Over the same week last year, auction activity was higher with 1,178 homes…