Auction market builds more steam

Monday, 2 November 2020

CoreLogic’s preliminary auction clearance rate strengthened again, with 77.0% of reported auctions cleared versus 76.2% last weekend:

Sydney’s preliminary clearance rate rose was strong with 79.6% of reported auctions cleared versus 80.4% last weekend.

Melbourne’s preliminary auction clearance rate firmed to 75.8% versus 72.6% 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.