70.5% of homes sell as volumes increased across the capital cities
There were 1,107 capital city homes taken to auction this week, of the 841 results collected so far, 70.5% were successful results. This week’s preliminary figure is down on the 72.4% preliminary figure last week, which later revised down to 67.6% by final collection. Last week’s clearance rate was the highest final clearance rate since early March. This time last year, a higher 1,278 capital city homes were auctioned with a final clearance rate of 71%.
The performance across the two largest capital cities remains mixed. Melbourne continued to record very subdued levels of activity, while Sydney volumes reached their highest level since the first week of April.
While volumes remained extremely low across Melbourne, there was a…