Advertisement
Core Logic-RP Data released its auction market report yesterday, which posted a flat result nationally but an ongoing slump in the Sydney clearance rate.
The preliminary national clearance rate was 63.8%, up marginally from the 63.7% rate recorded last weekend, according to Core Logic-RP Data:
Sydney’s preliminary clearance rate fell a further 0.9% to 61.0%, whereas Melbourne’s was 69.5%, up marginally from the 69.3% rate recorded last weekend. Clearances in Brisbane, which typically only has a small number of auctions, were 45.9%, up from the 42.2% recorded last weekend. Adelaide tumbled in a trend break:
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.
Advertisement