Sydney’s final auction clearance rate highest since Feb 2017

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Last weekend, CoreLogic released its preliminary auction clearance rates, which revealed the following results:

Today, CoreLogic has released its final auction results, which reported a 3.5% decline in the final national auction clearance rate to 72.1% – well above the same weekend last year (46.0%) but below last week’s 73.5%:

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As you can see, Sydney’s final auction clearance rate was 5.1% lower than the preliminary reported rate, whereas Melbourne’s was 1.8% lower. However, both were in the mid-to-high 70s and tower above last year’s 44.6% (Sydney) and 45.7% (Melbourne).

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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.