Melbourne auction market collapses

Thursday 3 September 2020

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:

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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.