Auction market turns white hot

Monday, 8 February 2021

CoreLogic released its preliminary report for the weekend’s auctions, which reported more strong results.

In particular, both Sydney and Melbourne reported preliminary clearance rates above 80%, which portends further price rises for both cities:

This was off auction volumes that were slightly above the same weekend in 2019.

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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.