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With both Sydney and Melbourne in hard lockdown this weekend, I was expecting the nation’s auction clearance rate to take a heavy hit.
Not so, with CoreLogic recording a preliminary national clearance rate of 76.3%, basically the same as last weekend’s 76.4%.
Sydney’s preliminary clearance rate firmed to 77.1% from the prior weekend’s 76.5%, whereas Melbourne’s also firmed to 76.4% from 75.3%. Auction volumes were also similar.
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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.