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CoreLogic released its auction report yesterday, which revealed another weekend of strong auction conditions, despite the national auction clearance rate falling to 72.1% from 77.6% in the weekend before Easter, and remained above the 69.7% recorded in the same weekend last year:
Auction volumes nationally (1,732) were also above the same weekend last year (1,565).
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As shown above, Sydney’s auction clearance rate was 75.8%, below the 81.5% recorded a fortnight ago, and below last year’s 77.4%. Auction volumes were also below last year’s, with 585 homes going under the hammer versus 643 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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