The combined capital city preliminary auction clearance rate improved as volumes remained relatively steady week-on-week. 2,121 capital city homes were taken to auction over the week, returning a preliminary auction clearance rate of 76.4%. This was higher than last week’s preliminary figure of 73.6% across 2,168 auctions, later revising down to 72.1% by final collection on Wednesday. In Melbourne, 1,077 homes were auctioned this week, returning a preliminary auction clearance rate of 75.3%.
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