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CoreLogic released its auction report yesterday, which reported a small rebound in the preliminary national auction clearance rate to 63.5% from 66.9% last weekend, and remained well below the 72.3% recorded in the same weekend last year:
Auction volumes nationally were 3,276 – slightly above the 3,207 recorded in the same weekend last year:
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As shown above, Sydney’s auction clearance rate rebounded to 62.4% from 66.2% the prior weekend, and remained way below last year’s 75.2%. Auction volumes were slightly below the same weekend last year (i.e. 1,126 versus 1,182):
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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.