Final auction clearance rate eases back

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

Today, CoreLogic has released its final auction results, which reported a 3.6% decline in the final national auction clearance rate to 70.0% – well above the same weekend last year (55.0%) and also above last week’s 74.2%:

As you can see, Sydney’s final auction clearance rate was 4.4% lower, whereas Melbourne’s was 1.7% lower. However, both were in the mid-70s and were way above last year’s 53.8% (Sydney) and 57.0% (Melbourne).

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

Share

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.