Sydney auction clearances boom into the mid-80s

Monday, 21 October 2019

Auction clearance rates continued to run strong over the weekend, with the preliminary rate nationally coming in at 75.6%, albeit down slightly from 77.3% last weekend:

Auction clearances were also way above the 46.0% recorded in the same weekend last year:

Sydney’s preliminary clearance rate was 84.3%, up from 82.3% last weekend, and way above the 44.6% 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.