Sydney’s auction market booming

Sunday 8 March 2020

The preliminary auction clearance rate stayed strong over the weekend, driven by booming results in Sydney.

At the national level, the preliminary rate was 74.8%, down from 77.1% last weekend, but way above the 47.8% recorded in the same weekend last year:

Sydney’s preliminary clearance rate was 82.6%, above the 81.4% last weekend and way above the 52.3% 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.