Sydney auctions boom, Melbourne busts

Sunday 30 August 2020

CoreLogic’s preliminary auction clearance rate climbed, with 67.7% of reported auctions cleared versus 64.7% last weekend:

The lift was driven by Sydney, whose preliminary clearance rate rose to 74.0% from 71.9% last weekend.

However, Melbourne’s preliminary clearance rate slumped to 49.6% from 50.3% last weekend off thin volumes.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.