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Auction clearance rates have begun to soften on the back of a month of heavy listings volumes.
The national preliminary clearance rate was 76.1%, down from the 78.9% recorded the prior weekend. This was off 3,276 auctions, down from the prior weekend’s 3,524.
Sydney’s preliminary clearance fell to 75.9% from 79.3% the prior weekend, whereas Melbourne’s was 72.0% versus 77.4% 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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