Sydney’s auction market gathers steam

Friday, 16 October 2020

CoreLogic has released its final auction clearance results for last weekend, which reveals that the final national clearance rate rose to 66.4% from 64.4% the prior week:

Sydney’s auction clearance rate rose to 67.2% from 65.8% the prior week, whereas Melbourne’s fell to 58.6% from 60.8%.

As noted by CoreLogic:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.