Volumes rise across the combined capital cities and return a clearance rate of 73.6%
There were 1,791 homes scheduled for auction across the combined capital cities this week and of the 1,442 results collected so far, 73.6% have reported a successful result.
Capital City Auction Statistics (Preliminary)
This week’s volumes are not only higher than last week’s 1,728 auctions held, but the highest number of auctions held since the week ending 5th April. Preliminary figures indicate that the clearance rate weakened over the week, after last week’s higher preliminary figure of 75.1%, which later revised down to 70.6% at final figures. One year ago, a much higher 2,612 homes were auctioned, when a lower 68.5%…