Final auction clearance rate highest in 27 months

Last weekend, CoreLogic released its preliminary auction clearance rates, which revealed the following results:

Yesterday, CoreLogic released its final auction results, which reported a 3.6% decline in the final national auction clearance rate to 73.0% – well above the same weekend last year (53.3%) and also above last week’s 67.8%:

As you can see, Sydney’s final auction clearance rate was 5.5% lower, whereas Melbourne’s was 2.1% lower. However, both were well above 70% and were way above last year’s 51.9% (Sydney) and 54.0% (Melbourne).

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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.