Auction Clearance Rates Week Ending 4th of June.
This week’s auction number reports across major capital cities were fewer than last with 1869 properties being taken to auction compared to last week’s tally of 2558 properties. Likely to do with recent lockdowns in Sydney and other areas. Canberra was the standout performer with clearance rates of 96% of the 52 properties taken to auction while in the same week 66 properties there sold privately. Queensland has reported a 64% clearance rate of the 112 results available with 1430 private sales processed across the state.