Sydney auctions lift, Melbourne’s dead

Sunday 13 September 2020

CoreLogic’s preliminary auction clearance rate retraced slightly, with 67.3% of reported auctions cleared versus 67.5% last weekend:

Sydney’s preliminary clearance rate firmed with 70.4% of reported auctions sold, up from 69.5% last weekend.

However, Melbourne’s preliminary clearance rate bombed to just 27.3% from 33.3% last weekend from only 14 auctions.

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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.