Auction clearance rate surges

Monday 14 October 2019

Auction clearance rates surged over the weekend, with the preliminary rate nationally coming in at 77.3%, up significantly from 71.3% last weekend:

Auction clearances were also way above the 47.0% recorded in the same weekend last year:

Sydney’s preliminary clearance rate was 82.3%, up from 79.8% last weekend, and way above the 45.1% recorded in the same weekend last year.

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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.