24 May

There were 2,845 homes taken to auction across the combined capital cities this week, compared to 2,905 over the previous week and 612 this time last year. A preliminary auction clearance rate of 78.2 per cent has been recorded across the 2,377 results collected so far. In comparison, the previous week recorded a higher preliminary clearance rate of 79.0 per cent, which revised down to 77.0 per cent at final figures. The final clearance rate has held at or above 77.0 per cent for all but one of the last 15 weeks, so it will be interesting to see how the clearance rate holds up as the remaining results are collected over the next few days.

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