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Auction clearance rates remained solid over the weekend, with the preliminary rate nationally coming in at 71.3%, down a few percent from 74.4% last weekend:
Auction clearances were also way above the 49.5% recorded in the same weekend last year:
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Sydney’s preliminary clearance rate was 79.8%, up from 77.7% last weekend, and way above the 46.1% 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.