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CoreLogic has released its preliminary auction results for the weekend just gone, which reported another strong result, with a national preliminary clearance rate of 80.5%.
Sydney led the way again, recording a preliminary clearance rate of 84.8% off 772 reported auctions, whereas Melbourne reported a preliminary clearance rate of 78.1% off 1,080 reported auctions.
Elsewhere, auction results were solid to strong with the exception of Perth; although auctions are far less prevalent across these smaller markets:
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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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