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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 77.2% from 76.2% last weekend, well above the 68.9% recorded in the same weekend last year:
Auction volumes nationally also surged to 2,794, well above the 1,920 recorded in the same weekend last year.
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As shown above, Sydney’s auction clearance rate was 80.7%, above the 79.4% recorded last weekend and above last year’s 73.2%. Auction volumes were also higher, with 1,053 homes going under the hammer versus 735 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.