Final auction clearance rate surges to 6-year high

Friday 12 February 2021

CoreLogic has released its final auction clearance results for last weekend, which reveals that the nation’s clearance rate hit a 6-year high of 79.3%:

Sydney’s final clearance rate was a red hot 84.4%, whereas Melbourne’s was also strong at 76.0%. Even the smaller capitals, which don’t run many auctions, reported strong results:

The number of auctions held last weekend (1,304) was also higher than the same time last year (1,167).

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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.