Property Market Indicator: Auction volumes lower slightly, while the preliminary clearance rate rises to 70 per cent Given Monday’s public holiday, auction activity has slowed down slightly this week, from 1,699 auctions having been held last week to 1,542 this week. Of the 1,248 results that have been reported so far, 70 per cent were successful, up from 67.4 per cent last week and based on preliminary results, the strongest clearance rate recorded in the past four weeks. At the same time last year, the capital city clearance rate was much stronger, at 82.3 per cent across just 604 auctions.
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