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From RP Data comes the below graphic showing that 2,415 auctions are scheduled this weekend across Australia’s capital cities, which would be the highest number of auctions since late-2010:
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Melbourne alone is expected to host around 1,200 auctions, according to the REIV.
I’m tipping an auction clearance rate in the mid-to-high 60s in both Melbourne & Sydney (note: this is based on nothing more than a ‘finger in the air’ guess).
unconventionaleconomist@hotmail.com
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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.
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