Final auction clearance rate holds at 80% – highest since 2015

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CoreLogic’s final auction report for last weekend is in with the national clearance rate remaining at 80.0% – exactly the same as the prior weekend and the highest level since April 2015:

Auction clearances remain at their highest level in six years.

Like last week, Sydney led the way recording a final clearance rate of 84.3% off 806 auctions – the sixth consecutive week above 80%. Melbourne’s final clearance rate was also strong at 77.6% off 1,102 auctions. Whereas the other capitals, where auctions aren’t nearly as prevalent, were also solid to strong.

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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.