Auction clearances continue to strengthen

Sunday 11 August 2019

Auction clearance rates continue to strengthen, with the preliminary rate nationally rising above 70% and Sydney’s rising above 80%:

As shown below, the preliminary national auction clearance rate rose to 70.4% versus 68.3% last weekend. Clearances were also way above the 54.9% recorded in the same weekend last year:

Sydney’s preliminary clearance rate rose to 81.2% – above last weekend’s 74.8% preliminary rate and way above the 53.8% 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.