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CoreLogic released its auction report yesterday, which reported a rebound in the national auction clearance rate to 70.3% from 69.1% last weekend, still above the 67.0% recorded in the same weekend last year:
Auction volumes nationally were 1,984 – way above the 841 recorded in the same weekend last year.
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As shown above, Sydney’s auction clearance rate was 72.6%, below the 73.1% recorded last weekend and well below last year’s 78.4%. However, auction volumes were way higher, with 834 homes going under the hammer versus 365 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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