Data from CoreLogic shows that of the 1,365 capital city auctions held this week, 1,110 results have been reported so far with a preliminary clearance rate of 72.0 per cent. This week’s preliminary clearance rate is higher than last week, when final results showed that 67.0 per cent of auctions were successful. The number of auctions held this week was much higher than last week, when 841 auctions were held, with activity lower than usual given the Federal Election. However, auction activity this week remains substantially lower than over the two weeks leading up to the election, when across the combined capital cities, more than 2,000 auctions were held each week. At the same time last year, 1,704 capital city auctions were held with 74.9 per cent clearing.
