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CoreLogic released its auction report yesterday, which reported a slight firming in the national auction clearance rate to 70.7% from 70.3% last weekend, virtually the same as the 70.6% recorded in the same weekend last year:
Auction volumes nationally were 1,751 – way above the 1,399 recorded in the same weekend last year.
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As shown above, Sydney’s auction clearance rate was 72.5%, virtually the same as the 72.6% recorded last weekend but below last year’s 76.5%. However, auction volumes were higher, with 650 homes going under the hammer versus 512 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.