Of the 2,182 capital city auctions held this week, 1,680 results have been reported so far with a preliminary clearance rate of 65.7 per cent. This week’s preliminary clearance rate is lower than last week’s final results which showed 69.4 per cent of the 2,675 capital city auctions cleared. In terms of auction volumes, in each capital city, excluding Brisbane and Perth, auction volumes are lower this week than they were last week, while all cities excluding Sydney and Brisbane saw a week-on-week fall in clearance rates. Over the corresponding week last year auction activity was stronger with 2,426 auctions held and a 78.2 per cent success rate.
