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CoreLogic has released its preliminary auction results for the weekend, with the preliminary clearance rate again coming in above 80%, with almost every market showing strength.
The national preliminary clearance rate was 81.9%, up from a final clearance rate of 73.9% in the same weekend last year.
Australia’s second biggest auction market, Sydney, again led the way with 88.9% of reported auctions sold. However, Australia’s biggest auction market – Melbourne – was softer at 77.7%. Elsewhere, results were strong outside of Perth where only a handful of auctions were reported.
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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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