Preliminary clearance rate slips to 67.0 per cent
The amount of auction activity across the capital cities increased substantially this week, up from 554 auctions held the previous week to 1,543 this week.
At the same time last year it was the long weekend for Easter, so auction volumes were lower, with 653 homes taken to auction across the combined capitals.
This week’s weighted average clearance rate across the combined capitals was 67.0 per cent, slipping from 70.9 per cent over the previous week when the combined capitals recorded the strongest clearance rate seen in four weeks, despite the low volumes.
SUBSCRIBE & DON'T MISS A SINGLE EPISODE OF MICHAEL YARDNEY'S PODCAST
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
NEED HELP LISTENING TO MICHAEL YARDNEY'S PODCAST FROM YOUR PHONE OR TABLET?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
PREFER TO SUBSCRIBE VIA EMAIL?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.