Sydney and Melbourne final auction clearance rates surge

Thursday 20 February 2020

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 5.3% decline in the final national auction clearance rate to 73.3% – well above the same weekend last year (51.2%):

As you can see, Sydney’s final auction clearance rate was 4.9% lower than the preliminary reported rate, whereas Melbourne’s was 3.2% lower. Both were well above last year’s 54.6% (Sydney) and 52.5% (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.