Auction clearances rocket

Monday, 17 February 2020

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:

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.

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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.