Auction market plunges into virus

Monday, 23 March 2020

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.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.