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Despite Sydney, Melbourne and Brisbane all being in lockdown, the nation’s auction market delivered another strong clearance rate over the weekend.
CoreLogic recorded a preliminary national clearance rate of 76.4%, down from the prior weekend’s 79.2%.
Sydney’s preliminary clearance rate remained strong at 80.4% versus 80.8% the prior weekend, whereas Melbourne’s was solid at 73.5%, down from 77.1% the prior weekend. However, auction volumes were lower – 1,672 versus 1,806 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.
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