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Auction clearance rates boomed over the weekend, driven by Sydney and Melbourne whose preliminary clearance rates were around 80% off strong volumes.
At the national level, the preliminary rate was 77.7%, down marginally from 78.6% last weekend, but way above the 49.4% recorded in the same weekend last year:
Sydney’s preliminary clearance rate was 81.5%, up from 80.3% last weekend and way above the 50.6% 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.