Advertisement
CoreLogic released its auction report yesterday, which reported a small rebound in the preliminary national auction clearance rate to 70.6% from 68.1% last weekend, but remained well below the 76.2% recorded in the same weekend last year:
Auction volumes nationally were 2,497 – slightly above the 2,443 recorded in the same weekend last year:
Advertisement
As shown above, Sydney’s auction clearance rate was 69.5%, above the 67.2% recorded last weekend but way below last year’s 81.4%. Auction volumes were also slightly higher, with 916 homes going under the hammer versus 913 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.
Advertisement