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The preliminary auction clearance rate softened over the weekend.
At the national level, the preliminary rate was 70.6%, down from 74.8% last weekend, but still way above the 51.4% recorded in the same weekend last year:
Sydney’s preliminary clearance rate was 74.6, well below the 82.6% last weekend but way above the 54.2% 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.
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