May 31, 2026 – 1.20pmMore capital city homes failed at auction than sold in the week to Saturday, dragging the clearance rate below 50 per cent for the first time in six years, upcoming Cotality data is expected to show.While preliminary data published on Sunday showed a 54.5 per cent clearance rate, Cotality’s research director Tim Lawless said the final figure due to be published later this week would likely be revised down. With more results included it is expected to drop to its lowest point since May 2020.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles