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The preliminary auction clearance rate plunged over the weekend, presumably because of fears surrounding the coronavirus.
At the national level, the preliminary rate was 61.3%, well down from 70.6% last weekend, but still significantly above the 50.9% recorded in the same weekend last year:
Sydney’s preliminary clearance rate was 64.4%, well below the 74.6% last weekend but still way above the 52.1% 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.