Sydney’s final auction clearance rate falls below 80%

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CoreLogic has released its final auction results for last weekend, with the national clearance rate coming in at 77.2%, down from the prior week’s 78.6%.

The result was significantly below March’s average final clearance rate of 81.0%:

Final auction clearance rate

Australia’s final auction clearance rate has clearly topped-out.

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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.