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The weekend’s auction markets continued their recent strong run of form, with a preliminary clearance rate of 84.4% recorded across the nation, down slightly from last weekend’s 86.1%.
As usual, this strong result was driven by the two major markets – Melbourne and Sydney – where auctions are most prevalent.
Sydney recorded a preliminary clearance rate of 88.2% – up from 87.5% last weekend. Melbourne’s preliminary clearance rate was 82.2%, down from 87.8% 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.