Auction market signals property slowdown

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The auction market ended June on a solid footing, recording a final national clearance rate of 75.4%, up from 74.1% the prior weekend.

As shown in the next table, Sydney recorded a final clearance rate of 77.5%, up from 76.8% the prior weekend.

Melbourne recorded a final clearance rate of 74.7%, up from 69.0% 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.
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