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Auction clearance rates continue to trend lower under the weight of heavy listings volumes.
The national preliminary clearance rate was 75.5%, down from the 76.1% recorded the prior weekend. This was off 3,562 auctions, up from the prior weekend’s 3,276.
Sydney’s preliminary clearance fell to 75.1% from 75.9% the prior weekend, whereas Melbourne’s was 74.1% versus 72.0% 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.
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