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CoreLogic’s preliminary report on the weekend’s auctions reported a lower clearance rate courtesy of Melbourne’s second weekend of hard lockdown.
The national preliminary clearance rate fell to 73.5% from 75.7% the prior weekend. This was off 2,691 auctions, down from the prior weekend’s 2,930.
Sydney continued its strong run recording a preliminary clearance rate of 79.6% off 1,171 auctions, down from the prior weekend’s 81.0% preliminary clearance rate off 1,177 auctions.
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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.