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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.
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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.
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