Auction activity ramps up with 2,537 capital city homes taken to auction
Auction activity ramped up this week with a total of 2,537 homes taken to auction across the combined capital cities, rising on the 2,085 auctions held last week, however lower than the 2,804 held over the same week last year. The preliminary clearance rate dipped from 75.1% last week to 74.6% this week. By final figures last week the combined capital city clearance rate fell to 69.9%, so it’s likely this week’s final result may be slightly below this.
Capital City Auction Statistics (Preliminary)
Over 1,000 homes were taken to auction across both Melbourne and Sydney over the week, the busiest week the cities have seen since early April.
Melbourne saw the preliminary auction clearance rate remain stable under…