Auction market gathers more steam

Monday, 19 October 2020

CoreLogic’s preliminary auction clearance rate firmed, with 72.4% of reported auctions cleared versus 71.5% last weekend:

Sydney’s preliminary clearance rate rose was strong with 75.9% of reported auctions cleared versus 73.1% last weekend.

Melbourne’s preliminary auction clearance rate also firmed to 65.0% versus 59.6% last weekend.

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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.