Auction market stalls after flood of listings

Advertisement

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:

Advertisement

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.