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On Friday I reported that Australia’s final auction clearance rate ended February at a near record high 79.3%, close to the strongest result on record.
The weekend’s preliminary auction results from CoreLogic suggest that records will soon be smashed, with every capital city market recording a preliminary clearance rate of more than 80% – something that I have never witnessed before:
Every capital city market recorded a preliminary auction clearance rate of more than 80% over the 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.