Clearance rate down but more properties hit the market

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3,491 properties hit the auction markets in the seven major capital cities in the Super Saturday lead up to Easter, the highest it has been all year. This was up from the 2,692 auctions held the previous week.

Weekly clearance Rate, Combined Capital Cities

The weighted average auction clearance rate for the seven combined capital cities was 68.9%, up from 66.2% the previous week. Sydney led the charge with a clearance rate of 78.5%, as Melbourne’s clearance rate dropped to 64.2%. Melbourne still had the highest number of total auctions at 1,519, compared to Sydney’s 1,471.

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