Preliminary Clearance Rate Weakens

Preliminary clearance rate weakens and auction volumes drop slightly across the combined capital cities.

There were 2,245 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 61.0 per cent, while last week, 2,311 auctions were held and the final clearance rate came in at 62.1 per cent. Over the same week last year, auction volumes were higher with 2,409 homes going under the hammer across the combined capital cities, and the…