Auction volumes and the combined capital city preliminary clearance rate feel week-on-week with 1,672 auctions held and a preliminary success rate of 76.4%. This comes as Melbourne announces a 7-day snap lockdown and when combined with the ongoing Sydney lockdowns will further dampen auction numbers. This week so far 10% of the originally predicted count of 1,860 auctions have been rescheduled to a later date.
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