Melbourne’s auction market bombs

Friday, 28 August 2020

CoreLogic released its final auction clearance results for last weekend, which reported a final auction clearance rate of 60.0%, up slightly on last week’s 58.4%:

Sydney’s final clearance rate strengthened to 66.1% (from 61.9% last week), whereas Melbourne’s bombed to 45.0% (down from 53.7% last week).

As noted by 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.