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The auction market has held firm in the face of lockdowns, with the final national clearance rate remaining steady at 73.7% off similar volumes (2,097 versus 2,104 the prior weekend).
As shown in the next table, Sydney’s final clearance rate rose to 76.6% from 74.3% the prior weekend. This was off 769 auctions (versus 650 auctions the prior weekend).
Melbourne recorded a final clearance rate of 71.5%, up from the 71.2% recorded the previous weekend.
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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.