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CoreLogic’s preliminary auction clearance rate remained steady, with 65.9% of reported auctions cleared versus 65.3% last weekend:
Melbourne’s preliminary clearance rate bounced to 73.0% from 59.8% last weekend, due to bombing volumes (and fewer withdrawals).
By contrast, Sydney’s preliminary clearance rate fell to 65.8% from 68.2% last weekend.
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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.
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