Auction clearances bounce off weak volumes

Sunday 10 May 2020

CoreLogic’s preliminary auction report shows the clearance rate nationally rebounding to 64.5% from last week’s 59.6%, driven by Sydney (70.8%):

However, auction volumes were down by more than 60% from last year’s levels:

According to CoreLogic:

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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.