Final auction clearance rate slides into the low-60s

Earlier this week, CoreLogic released its preliminary auction clearance rates, which revealed the following results:

Today, CoreLogic has released its final auction results, which reported a 4.4% decline in the final national auction clearance rate to 71.0% – still well above the same weekend last year (42.8%):

As you can see, Sydney’s final auction clearance rate was 4.5% lower than the preliminary reported rate, whereas Melbourne’s was 1.9% lower. Both were well above last year’s 49.5% (Sydney) and 44.3% (Melbourne).

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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.