Sydney’s auction market stays strong

Monday 5 October 2020

CoreLogic’s preliminary auction clearance rate softened, with 69.3% of reported auctions cleared versus 70.5% last weekend:

Sydney’s preliminary clearance rate retraced slightly with 73.2% of reported auctions sold, down from 74.8% last weekend.

However, Melbourne’s preliminary auction clearance rate bounced to 63.3% versus 28.6% last weekend, albeit off only 49 reported auctions.

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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.