Another hot weekend of auctions on the cards

Friday, 22 October 2021

Australia’s auction market boomed again last weekend, recording a final auction clearance rate of 78.3% (down from 80.2% the prior weekend) on higher volumes (2,940 versus 2708):

As shown above, clearance rates were strong coast-to-coast:

Australia’s final clearance rate is tracking close to its highest level since CoreLogic began tracking auctions in 2008:

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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.