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CoreLogic has released its final auction report for last weekend, with the final clearance rate rising slightly to 77.7% from 77.2% the prior weekend. This was off a a big jump in the number of auctions, from 2,087 to 2,902.
As usual, Sydney led the market recording a final clearance rate of 80.2% (up from 79.3%), whereas Melbourne’s final clearance rate was 75.1% (down from 75.5%).
Elsewhere, final auction clearance rates were generally solid to strong; albeit off thin volumes (since 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.