Preliminary Clearance Rate Shows 59.2 Per Cent Of Homes Sold At Auction

There were 1,167 homes scheduled for auction across the combined capital cities this week, down from 1,269 over the previous week, although higher than this time last year (896). Of the 938 results that have been reported so far, 59.2 per cent were successful, up from last week’s final clearance rate of 56.2 per cent, and lower than this time last year (65.4 per cent). 

In Sydney, 512 homes were scheduled for auction this week, down from 566 over the previous week, although…