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CoreLogic released its auction report yesterday, which reported a continued firming in the national auction clearance rate to 74.8% from 72.4% last weekend, and was also above the 71.5% recorded in the same weekend last year:
Auction volumes nationally were 1,712 – way above the 1,329 recorded in the same weekend last year.
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As shown above, Sydney’s auction clearance rate was 74.9%, above the 72.4% recorded last weekend and above last year’s 71.5%. Auction volumes were also higher, with 613 homes going under the hammer versus 473 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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