• Clearance strengthens
  • Demand to be tested this week
  • Declining vales flatten

There were 2,050 homes taken to auction across the combined capital cities this week, down -15.6% from last week however, of the 1,634 results collected so far, 70.3% were successful.  

While the clearance rate will revise lower once the remaining results are collected, it will likely hold around the high 60% range for the third consecutive week. 

Whether clearance rates can hold at these levels as interest rates rise further will provide a timely test of the market’s depth of demand.

Watch a comprehensive wrap on the week’s national auction activity with Eliza Owen from CoreLogic.   Auction Update is seen exclusively on Realty Talk.  See all our shows at Realty.com.au

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