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Auction clearance rates were universally strong over the weekend despite massive volumes.
The national preliminary clearance rate was 81.8%, down only slightly from the 83.3% recorded the prior weekend. This was off a whopping 2,920 volumes, up from the prior weekend’s 2,727.
Sydney’s preliminary clearance rate ran hot at 85.0% versus 83.2% the prior weekend, whereas Melbourne’s was 79.4% versus 81.9% 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.