Final auction clearance rate surges to mid-70s

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 3.8% decline in the final national auction clearance rate to 73.5% – well above the same weekend last year (47.0%) and above last week’s 67.6%:

Advertisement

As you can see, Sydney’s final auction clearance rate was 5.4% lower than the preliminary reported rate, whereas Melbourne’s was 1.5% lower. However, both were in the mid-70s and tower above last year’s 45.1% (Sydney) and 50.4% (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.