Auction market fails to launch

Advertisement

CoreLogic has released its final auction clearance results for last weekend, which reported a final auction clearance rate of 60.5%, up slightly on last week’s 59.8%:

Sydney’s final clearance rate softened to 62.3% (from 64.2% last week), whereas Melbourne’s bombed to 32.1% (down from 40.6% last week).

As noted by CoreLogic:

Advertisement

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
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.