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.
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