Advertisement
Auction clearance rates rocketed over the weekend, with the preliminary rate nationally surging to 78.6% from 69.4% last weekend:
The nation auction clearance rate was also way above the 51.2% recorded in the same weekend last year:
Advertisement
In particular, Sydney’s preliminary clearance rate was 80.3%, up from 79.9% last weekend and way above the 54.6% recorded in the same weekend last year.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.