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CoreLogic released its auction report yesterday, which revealed another weekend of strong auction conditions, with the national auction clearance rate rising to 78.1% from 77.1% last week, and remained well above the 66.6% recorded in the same weekend last year:
Auction volumes nationally (2,646) were also way above the same weekend last year (1,582).
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As shown above, Sydney’s auction clearance rate was 80.7%, just below last weekend’s 81.1% but well above last year’s 69.8%. Auction volumes were also much stronger, with 1,098 homes going under the hammer versus 664 on the same weekend last year:
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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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