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Auction clearance rates continue to strengthen, with the preliminary rate nationally surging to nearly 80%, driven by the two biggest markets:
The preliminary national auction clearance rate rose to 79.6% versus 76.6% last weekend. Clearances were also way above the 54.6% recorded in the same weekend last year:
Sydney’s preliminary clearance rate rose to 84.7% – above last weekend’s 81.7% preliminary rate and way above the 53.2% recorded in the same weekend last year.
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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.