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With both Sydney and Melbourne still in hard lockdown, the nation’s auction market continues to hold up well.
CoreLogic record a preliminary national clearance rate of 74.8%, down only slightly from the prior weekend’s 76.3%.
Sydney’s preliminary clearance rate softened to 74.8% from the prior weekend’s 77.1, whereas Melbourne’s also softened to 71.9% from 76.1%. However, auction volumes were lower – 1,849 versus 2,169 the prior 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.