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The nation’s auction market bounced last weekend, recording the highest final clearance rate since late March.
CoreLogic recorded a final national clearance rate of 80.6%, up significantly from the prior weekend’s 75.1%.
Sydney’s final clearance rate remained strong at 81.7% versus 80.5% the prior weekend, whereas Melbourne’s rebounded to 75.7% from 58.5% 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.