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Auction clearance rates were universally strong over the weekend despite strong volumes.
The national preliminary clearance rate was 83.3%, down only slightly from the 84.4% recorded the prior weekend. This was off a whopping 2,727 volumes, up from the prior weekend’s 1,986.
Sydney’s preliminary clearance rate remained rock solid at 83.2% versus 82.4% the prior weekend, whereas Melbourne’s was 81.9% versus 87.0% 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.