Auction market registers post-election bounce

Monday 30 May 2022

Australia’s auction market experienced a bounce in both volumes and clearance rates over the weekend.

The national clearance rate rose 0.8% to 63.7% off a doubling of auction volumes to 3,229. The bounce in clearance rates was driven by Sydney and Melbourne.

According to CoreLogic:

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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.