Auction market ends 2020 on a high note

Wednesday 23 December 2020

SQM Research has released its final auction report for last weekend, which reveals the market ended 2020 on a strong note:

While SQM’s auction clearances are always lower than its competitors (CoreLogic and Domain), they are running around their highest level since COVID hit in March when the property markets in Sydney and Melbourne were red hot.

In Sydney, a final clearance rate of 60.7% was recorded versus 59.6% the previous weekend. However, this was off lower volumes:

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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.