Auction market shatters records

Friday 8 October 2021

Australia’s auction market roared back to life last weekend, recording a final auction clearance rate of 83.2% (up from 80.6% the prior weekend) on significantly higher volumes (1986 versus 1626):

It was the highest weekly clearance rate recorded by CoreLogic in records dating back to 2008:

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.