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Despite Sydney still being in lockdown, the nation’s auction market ran hot over the weekend.
CoreLogic record a preliminary national clearance rate of 79.2%, up significantly from the prior weekend’s 74.8%.
Sydney’s preliminary clearance rate lifted to a strong 80.8% from the prior weekend’s 74.8%, whereas Melbourne’s firmed to 77.1% from 71.9%. However, auction volumes were slightly lower – 1,806 versus 1,849 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.