Auction clearances go boom!

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.

Melbourne’s preliminary clearance rate was 79.6%, up from 79.2% last weekend and also way above the 50.6% recorded in the same weekend last year.

Auction volumes (2,444) were also above the same weekend last year (2,293).

Off to the races we go!

Leith van Onselen

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