Melbourne auction market collapses

Advertisement

CoreLogic has released its final auction clearance results for last weekend, which reported a final auction clearance rate of 59.8%, down slightly on last week’s 60.0%:

Sydney’s final clearance rate softened to 64.2% (from 66.1% last week), whereas Melbourne’s bombed to 40.6% (down from 45.0% 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.