Preliminary clearance rates continue to trend upwards despite auction activity rising 35.2 …

Of the 1,962 results collected so far, 75.7% recorded a successful result, up from last week’s final clearance rate of 72.5%, which was revised down from a preliminary clearance rate of 74.2%.

Melbourne had the busiest auction market this week with the number of auctions held in excess of 1,000, for the first time this year.

Sydney was host to 892 auctions this week, up from 600 the week prior and up 42.7% compared to this time last year .

Across the smaller capitals, auction activity has taken a breather following a solid ramp up earlier in the year, with auction activity down 19.6% compared to the week prior.

…Read the full story