Auction market continues bull run

Advertisement

CoreLogic reported another white hot weekend of auctions, with strong results reported almost universally across the nation and a preliminary clearance rate of 83.2% recorded. This was a whisker below last weekend’s preliminary clearance rate of 84.5%, which ended up being the strongest result since 2015 once final results came in.

Sydney led the way once again, recording a preliminary clearance rate of 87.4% off 817 auctions – up from the 86.7% preliminary clearance rate last weekend.

Melbourne recorded a preliminary clearance rate of 80.3% off 1,094 auctions – down slightly from 80.9% last weekend.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.