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CoreLogic released its auction report yesterday, which revealed another weekend of strong auction conditions, although the national auction clearance rate slid to 74.6% from 77.2% last weekend, still well above the 67.7% recorded in the same weekend last year:
Auction volumes nationally rose to 2,850, well above the 2,480 recorded in the same weekend last year.
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As shown above, Sydney’s auction clearance rate was 76.2%, below the 80.7% recorded last weekend but above last year’s 73.2%. Auction volumes were also higher, with 1,086 homes going under the hammer versus 811 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.