The weighted average preliminary clearance rate rose across a higher volume of auctions this week with 1,813 homes taken to market returning a 65.3 per cent success rate.
The higher activity this week comes of the back of the Easter period slowdown which saw only 670 auctions held across the capitals and a 64.8 per cent final auction clearance rate.
Across Australia’s two largest cities, Melbourne recorded an increase in both auction volumes and clearance rate week-on-week, with 69.6 per cent of the 720 homes selling at auction this week, increasing on last week’s 65.5 per cent final clearance rate when a much lower 152 auctions were held.
In Sydney, 775 auctions were held this week returning a 67.1 per cent preliminary clearance rate, down on the 67.9 per cent last week when 394 auctions were held across the city.
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