Preliminary Clearance Rate Remains Fairly Stable Week-on-week Despite Lower Auction Activity

This week, the combined capital city preliminary auction clearance rate was down only slightly across a lower volume of auctions.  There were 882 homes taken to auction over the week, down from 1,128 over the previous week and 1,533 this time last year. Of the 696 results collected so far, 67.5 per cent were successful, slightly lower than last week’s preliminary figure of 67.7 per cent which later revised down to 59.8 per cent at final collection. Over the same week last year, a final…