Final auction clearance rate stays strong

Advertisement

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 2.9% decline in the final national auction clearance rate to 72.8% – well above the same weekend last year (51.8%) and also above last week’s 72.3%:

Advertisement

As you can see, Sydney’s final auction clearance rate was 4.3% lower, whereas Melbourne’s was 1.2% lower. However, both were in the mid-70s and were way above last year’s 48.6% (Sydney) and 54.1% (Melbourne).

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.