Final auction clearance rate hits 80% – highest since 2015

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CoreLogic’s final auction report for last week is in and it shows that the national clearance rate has hit its highest level since April 2015, with virtually all markets posting strong results.

The national final auction clearance rate was the highest since April 2015, according to CoreLogic.

Sydney led the way once again recording a final clearance rate of 82.9% off 789 auctions. Melbourne’s were softer at 75.2% off 487 auctions, impacted by the Labour Day long 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.