Auction market awakens from holiday slumber

Advertisement

Last weekend, the nation’s auction market kicked back into gear with 436 auctions held across the combined capital cities and a final clearance rate of 66.0% recorded:

According to CoreLogic:

Traditionally the quietest time of the year, last week’s auction activity was up 78.7% compared to the same time last year (244). Following a record level of auction activity in December, last week’s combined capital clearance rates were up compared to the December average (63.7%) with 66.0% of auctions held returning a successful result…

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.