Auction clearance bounce vendor capitulation

Monday, 23 July 2018

…A spike in auction clearance rates for Sydney this week – which shouldn’t be read as permanent improvement – was due to more apartment sales at the $750,000 median price point in the city, inner south and lower north shore areas.

The increase in cleared sales this week were all transacted before auction, CoreLogic added.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.