Sydney/Melbourne final auction clearance rates hold above 70%

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

Today, CoreLogic released its final auction results, which reported a 1.9% decline in the final national auction clearance rate to 66.4% – well above the same weekend last year (54.0%) but below last week’s 68.6%:

As you can see, Sydney’s final auction clearance rate was 2.8% lower, whereas Melbourne’s was 2.4% lower. However, both were above 70% and were way above last year’s 51.9% (Sydney) and 57.0% (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.