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Auction clearance rates were universally strong over the weekend despite the second highest volumes of the year.
The national preliminary clearance rate was 81.0%, down only slightly from the 81.0% recorded the prior weekend. This was off a whopping 3,033 volumes, up from the prior weekend’s 2,920.
Sydney’s preliminary clearance rate ran hot at 80.8% versus 85.0% the prior weekend, whereas Melbourne’s was 80.1% versus 79.4% 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.