Auction market takes a breather

Monday, 5 August 2019

After last week’s final auction clearance rate hit a two-year high, CoreLogic’s preliminary auction clearance rate for the weekend’s auctions retraced slightly, although Sydney’s and Melbourne’s remained well above 70%:

Auction volumes also remain soft – 1,100 aucti0ns were held over the weekend versus 1,324 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.