Auction market showing fatigue amid listings surge

Friday, 12 November 2021

Australia’s auction market is beginning to show fatigue after weeks of high listings.

Last weekend’s final auction clearance rate fell to 73.0% from 76.8% the prior weekend off 3292 auctions (down slightly from 3,546 the prior weekend):

Nevertheless, clearance rates were still solid to strong everywhere except Perth.

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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.