CoreLogic has ceased releasing its auction results until next year. However, Domain’s preliminary results were strong, with around three quarters of homes that went under hammer in Sydney and Melbourne selling over the weekend:
AMP chief economist, Shane Oliver, noted the following on Twitter:
“A solid end to yr. Low rates, incentives, “escape from the city” & FOMO dominating unemp & hit to immig. Covid scare is a cloud over Syd but may be under control by the time mkt starts up again late Jan”.
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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.
