Familiar Patterns Emerge In Melbourne Auction Data Amid The Second Lockdown

The final clearance rate for Melbourne over the week ending 19th of July was 43.8%. This has fallen from 51.2% in the previous week and the low 60% range over the prior three weeks.  The recent downwards shift in the Melbourne clearance rate reflects a similar trend of what was seen in the first round of social distancing across Australia from the 25th of March to early May.

From July 9th, the Melbourne and Mitchell Shire went into a 6-week lockdown. Until restrictions are lifted, auctions…