Last weekend, the nation’s auction market kicked back into high gear with 1,166 auctions held across the combined capital cities and a final clearance rate of 72.4% recorded:
According to CoreLogic:
Last week 1,166 homes were taken to auction across the combined capitals. This was up 167.4% compared to the previous week (436) and up 31.9% compared to this time last year (884). Despite the increase in volumes, clearance rates rose, with 72.4% of auctions held recording a successful result. A clearance rate of 66.0% was recorded the week prior, while this time last year 77.2% of auctions held were successful. Last week’s clearance rate was the highest recorded since the middle of November (73.2%), prior to the record-breaking auction volumes seen in December last year.
The full text of this article is available to MacroBusiness subscribers
