Sydney’s auction market solidifies, Melbourne’s dies

Thursday, 17 September 2020

CoreLogic has released its final auction clearance results for last weekend, which reported a final auction clearance rate of 63.0%, up on last week’s 60.5%:

Sydney’s final clearance rate firmed to 65.9% (from 62.3% last week), whereas Melbourne’s bombed to 25.0% (down from 32.1% 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.