Final auction clearance rate falls into the 60s

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 5.6% decline in the final national auction clearance rate to 68.0% – well above the same weekend last year (47.0%) but below last week’s 72.2%:

As you can see, Sydney’s final auction clearance rate was 4.8% lower than the preliminary reported rate, whereas Melbourne’s was 4.3% lower. However, both were well above last year’s 45.3% (Sydney) and 48.6% (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.