Capital city preliminary clearance rate dips on lower volumes over the week
There were 2,041 capital city homes taken to auction this week and of the 1,642 results collected so far, a 78.5% preliminary auction clearance rate was recorded. Both volumes and clearance rates are down on last week’s figure when 2,467 properties were auctioned across the capital cities and the preliminary auction clearance rate was 80.5%, later revising down to 78.6% by final collection on Wednesday. One year ago, a lower 413 auctions took place, as the ongoing restrictions banning onsite auctions and inspections impeded on activity over this period with only 41.1% of homes selling.
Capital City Auction Statistics (Preliminary)
Looking at results by property type, houses have outperformed units throughout the…