Auctions slump confirms Sydney housing correction

Monday 29 January 2018

CoreLogic has released its Quarterly Auction Market Report, which confirms that Sydney’s housing market continues to grind lower, with the city’s auction clearance rate falling from 66.8% to 57.7% over the quarter:

The combined capital city auction clearance rate fell to 62.3 per cent over the December quarter, down from 67.8 per cent over the September quarter.

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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.