Auction market continues to break records

Advertisement

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.

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.