Sydney auctions boom, Melbourne’s bust

Sunday 23 August 2020

CoreLogic’s preliminary auction clearance rate remained fairly steady, with 64.7% of reported auctions cleared versus 64.3% last weekend:

However, Melbourne’s preliminary clearance rate slumped to 50.3% from 63.6% last weekend off thin volumes.

By contrast, Sydney’s preliminary clearance rate rose to 71.9% from 67.8% 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.