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CoreLogic’s preliminary report on the weekend’s auctions reported a significantly lower clearance rate on the back of Sydney’s lockdown.
The national preliminary clearance rate fell to 73.6% from 77.5% the prior weekend. This was off significantly lower auction volumes, which fell to 2,177 from the prior weekend’s 2,976.
Sydney’s auction clearance rate fell to 71.6% from the prior weekend’s 81.8% preliminary clearance rate.
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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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