Strength In Sydney’s Auction Market While Melbourne Auction Activity Fades

This week, the combined capital city preliminary auction clearance rate improved across a higher volume of auctions.  There were 1,163 homes taken to auction over the week, up on the 1,064 the week prior. Of the 837 results collected so far, 67.7% were reportedly successful, which was higher than last week’s preliminary figure of 64.7%.  Later revising down to 60% at final collection. This time last year a higher 1,615 capital city homes were auctioned with a final clearance rate of…