Advertisement
CoreLogic released its auction report yesterday, which revealed another weekend of strong auction conditions, with the national auction clearance rate rising to 76.2% from 74.6% last weekend, well above the 69.5% recorded in the same weekend last year:
Auction volumes nationally also surged to 2,376, well above the 1,876 recorded in the same weekend last year.
Advertisement
As shown above, Sydney’s auction clearance rate was 79.4%, above the 77.8% recorded last weekend and above last year’s 76.2%. Auction volumes were also higher, with 938 homes going under the hammer versus 647 on the same weekend last year:
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.