Auction clearance rate rebounds off crashing volumes

Sunday 3 May 2020

CoreLogic’s preliminary auction report revealed that the national auction clearance rate rebounded to 59.6%, albeit off very thin volumes:

The rebound in the national clearance rate was driven by Sydney and Melbourne, whose preliminary clearance rates rose to around 63%:

However, auction volumes were around 40% of last year’s levels.

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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.