Auction clearance rate rises above 70%

Sunday 21 July 2019

After last week’s final auction clearance rates for Sydney and Melbourne hit two-year highs, CoreLogic’s preliminary auction clearance rate for the weekend’s auctions rose above 70% for the first time in over a year:

However, auction volumes have fallen by more than a quarter – 901 aucti0ns were held over the weekend versus 1,257 in the same weekend last year:

According to CoreLogic:

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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.