Successful auction rates in Australian capital cities have fallen under 70 percent as homeowners rush to list their properties to cash in on the booming market. According to CoreLogic, 4,136 homes were taken to auction this week, making it the second busiest auction week on its records after the previous week with 4,251 auctions. During the same week of last year, there were 2,085 auctions held. The preliminary auction results for 3,402 auctions put the preliminary clearance rate at 69.9 percent, down from 71.4 percent last week. Melbourne was the city with the highest number of homes taken to auction this week, with 69.4 percent of auctions successful. Sydney was the second busiest capital city for auctions, with 67.3 percent of them successful. It’s the first time since September 2020 that auction clearance rates in Sydney fell below 70 percent. Further, final clearance rate figures are usually lower than preliminary …