COMBINED CAPITAL CITY PRELIMINARY CLEARANCE RATE HIGHEST SINCE MARCH, HOWEVER VOLUMES REMAIN LOW
The combined capital city preliminary auction clearance rate bounced back above 60% for the first time since late March, with 64.5% of homes selling this week. The higher clearance rate was across a lower volume of auctions over the week with 473 scheduled, down on the 612 auctions over the week prior when a preliminary clearance rate of 59.6% was recorded, later revising down by final result to 47.5%. Of the 333 results collected this week, 22% returned a withdrawn result, well below the withdrawal rate of 56% recorded a few weeks ago when a much larger number of auctions were scheduled to proceed.
Source (11th May 2020), Jade Harling,CoreLogic