Sydney auction clearances tank below 60%

Advertisement

CoreLogic released its auction report yesterday, which reported another fall in the preliminary national auction clearance rate to 62.5% from 63.1% last weekend (later revised down to 62.2%).

The preliminary clearance rate was also well below the 74.0% recorded in the same weekend of last year:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
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.