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CoreLogic released its final auction report for last weekend, with the final clearance rate rising to 74.1% from 73.6% the prior weekend, which was negatively impacted by Melbourne’s hard lockdown.
Sydney still running hot.
As usual, Sydney drove the market recording a final clearance rate of 76.8% (up from 74.1%), whereas Melbourne’s final clearance rate rebounded to 69.0% from 68.8%.
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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.