Final auction clearance rate retraces from 6-year high

Friday 19 February 2021

CoreLogic has released its final auction report for last weekend, which recorded a final clearance rate of 77.1%, down from the previous week’s 6-year high of 79.3%:

Sydney’s clearance rate remained turbo-charged at 83.9%, whereas Melbourne’s softened to 70.6%; albeit it was adversely impacted by the 5-day hard lockdown with 25% of auctions withdrawn:

Auctions aren’t nearly as pervasive in the smaller capitals.

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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.