Auction market treads water

Friday, 9 October 2020

CoreLogic has released its final auction clearance results for last weekend, which reveals that the final national clearance rate rose slightly to 64.4% from 64.2% the prior week:

Sydney’s auction clearance rate rose to 65.8% from 65.4% the prior week, whereas Melbourne’s rose to 60.8% from 45.0%.

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.