Steady as she goes for property

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Auction clearance rates fell slightly this week, but demand is still strong, with a preliminary result of 76.4% recorded across the combined capital cities, compared to 78.2% last week.

The number of properties taken to auction fell to 2,127 from last week’s 2,426. That compared to the 2,194 properties auctioned the same time last year.

Weekly clearance rate, combined capital cities

20150518 - weekly clearance rateWhile auction volumes remain comparable to last year, clearance rates are clearly up over the past 12 months, with a near 10 percentage point rise nationally (see below).

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