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Auction clearance rates surged over the weekend, with the preliminary rate nationally rising to 78.9% from 72.9% last weekend:
Auction clearances were also way above the 41.3% recorded in the same weekend last year:
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Sydney’s preliminary clearance rate was 84.7%, up from 82.3% last weekend, and way above the 41.6% 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.