Auction market booming again

Monday, 4 October 2021

The nation’s auction gathered more steam over the weekend, recording a preliminary national clearance rate of 84.4%, up from the prior weekend’s 82.4%.

Sydney’s preliminary clearance rate remained rock solid at 82.4% versus 84.3% the prior weekend, whereas Melbourne’s strengthened to 87.0% from 77.2% the prior weekend:

According to CoreLogic:

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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.