Sydney’s auction market continues to strengthen

Sunday 27 September 2020

CoreLogic’s preliminary auction clearance rate softened, with 70.5% of reported auctions cleared versus 72.4% last weekend:

Sydney’s preliminary clearance rate strengthened again with 74.8% of reported auctions sold, up from 72.4% last weekend.

However, Melbourne’s preliminary auction clearance rate was only 28.6% off only 49 reported 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.