Final auction clearance rate hits new 6-year high

Thursday 25 February 2021

CoreLogic has released its final auction clearance rates for last week, which hit a fresh six year high of 79.6% – up from the 72.7% final clearance rate recorded in the same time last year.

As usual, clearance rates were driven by Melbourne (77.4%) and Sydney (83.4%), which dominate the nation’s auction market; although results were universally strong:

The last time the national auction clearance rate was this high was in early 2015:

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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.