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CoreLogic released its final auction report for last weekend, with the final clearance rate falling slightly to 77.0% from 77.2% the prior weekend. This was off the year’s third strongest auction volumes (2,905).
As usual, Sydney led the market recording a final clearance rate of 78.9% (down from 81.4%), whereas Melbourne’s final clearance rate rose to 75.4% (up from 74.1%).
Elsewhere, final auction clearances were solid; albeit off thin volumes given auctions aren’t as common in these 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.