Auction market strong everywhere but Melbourne

Monday, 20 September 2021

The nation’s auction clearance rate rebounded further over the weekend, recording a preliminary national clearance rate of 74.6%, up from the prior weekend’s 72.3%.

Sydney’s preliminary clearance rate remained rock solid at 82.3% versus 83.8% the prior weekend, whereas Melbourne’s rebounded to 56.4% from 54.5% the prior weekend, but remained weak:

According to CoreLogic regarding Melbourne:

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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.