Capital clearance rate remains above 60 per cent for fourth consecutive week
There were fewer homes taken to auction over the first week of July, with 945 capital city auctions held returning a preliminary auction clearance rate of 68.9 per cent.
Sydney and Melbourne help capital clearance rate remain above 60 per cent
The combined capital city preliminary auction clearance rate has risen above 60 per cent for the third consecutive week, with Sydney and Melbourne both returning rates above 70 per cent for the week ending June 30.
Was there a shift in the Brisbane market last week?
An increase in Brisbane auction volumes across last week has been met with a reduced clearance rate across the city, suggesting vendors are confident in direction of the market.
Auction volumes double in cities following election
The absence of any political uncertainty has been reflected in the auction results for the week ending May 26, with more than 2000 auctions held across the capital cities.
Auction market ready to rebuild following election dip
Months of political uncertainty culminated in a predictably soft auction market last week, as less than 1000 homes went under the hammer across the capital cities.
