There were 1,813 homes taken to auction across the combined capital cities this week, with the lower volumes attributed to the ANZAC Day long weekend. The previous week saw 926 homes taken to auction making it the busiest Easter on record, while this time last year, 2,087 auctions were held across the combined capital cities.

Of the 1,414 capital city results collected so far, 67.6% were successful, which is the lowest preliminary clearance rate recorded so far this year. The previous week returned a preliminary clearance rate of 73.3%, slipping to 62.4% at final figures, the lowest final clearance rate recorded all year, continuing the downwards trend we have been observing over the past couple of months. This time last year, the clearance rate was substantially higher across the combined capital cities (77.2%).

There were 686 homes taken to auction across Melbourne this week, up from 196 over the previous week and 957 this time last year. Of the 561 results collected so far, 68.3% have been successful, compared to a final clearance rate of 64.3% over the previous week and 75.5% this time last year.

Sydney hosted 721 auctions this week, compared to 480 over the previous week and 794 this time last year. The clearance rate was down week-on-week, with 64.5% of the 566 results collected so far reporting a successful result. The previous week saw a preliminary clearance rate of 70.6%, revising down to 58.9% at final figures, the lowest clearance rate the city has seen since the week ending 23 January (54.9%). This time last year, 79.3% of reported auctions were successful.

Across the smaller capitals, Adelaide recorded the highest preliminary auction clearance rate (80.4%), followed by Canberra (72.2%) and Brisbane (66.3%). In Perth, 12 results have been collected so far, returning a 41.7% cent clearance rate. Adelaide was the busiest auction market this week with 162 homes taken to auction across the city, followed by Brisbane (148). Canberra was host to 80 auctions this week, while 15 auctions were held in Perth. There was just one auction held in Tasmania this week.

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