auction clearance rates

Weekend auction market still soaring with rate holding above 70%

Auction activity has continue to rise through in the final month of spring, however the number of auctions remains well below the highs recorded a year ago. The preliminary clearance rate was 77.5% across 2,490 reported auction results.  This is higher than last week’s final clearance rate of 74.4 per cent, with auction volumes increasing…

Auction clearance rates improved over the weekend

Auction volumes remain high with 2,898 properties taken to auction this week, up from 2,547 last week, while the clearance rate has increased to 63.7 per cent, up from 61.0 per cent, the lowest clearance rate since the week ending 8th June 2014 (60.6 per cent). The higher weighted average clearance rate was mainly the…