Advertisement
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.
The full text of this article is available to MacroBusiness subscribers
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.
Advertisement