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Capital city preliminary clearance rate improves across lower volumes over the week

Posted by admin on March 8, 2021
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There were 1,587 capital city homes taken to auction this week. Of the 1,311 results collected so far, 84.5% have reportedly sold.  This is an improvement on last week’s preliminary clearance rate of 81.9% when volumes were higher (2,473). Final figures by Wednesday saw last week’s preliminary clearance rate revised down to 79.3%.  The lower volumes this week can be attributed to four of the states and territories welcoming a public holiday on Monday, including Melbourne where volumes are down substantially over the week.

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Brendan Bowie has specialised in property sales, marketing, and leasing for more than 20 years. As a City of Belmont resident with a great knowledge of the local area, Brendan’s strategic and innovative property marketing approach, coupled with a strong networking focus, consistently yields quality outcomes for his clients.

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