Final auction clearance rate locked above 70%

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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 3.4% decline in the final national auction clearance rate to 71.0% – well above the same weekend last year (45.8%) and slightly above last week’s 70.7%:

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As you can see, Sydney’s final auction clearance rate was 3.2% lower, whereas Melbourne’s was 2.3% lower. However, both were way above 70% and tower above last year’s 43.8% (Sydney) and 57.7% (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.