Sydney’s auction market holds firm

Sunday 11 October 2020

CoreLogic’s preliminary auction clearance rate softened, with 71.5% of reported auctions cleared versus 69.3% last weekend:

Sydney’s preliminary clearance rate retraced slightly with 73.1% of reported auctions sold, down from 73.2% last weekend.

However, Melbourne’s preliminary auction clearance rate fell to 59.6% versus 63.3% last weekend, albeit off only 60 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.