Domainfax says auction clearances don’t matter

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By Leith van Onselen

Today’s Domainfax spruik comes from Su-Lin Tan at The AFR, who has attempted to play down the fall in Sydney’s auction clearance rate:

Auction clearance rates have been the barometer of the residential market for many home buyers but how much should buyers rely on them?..

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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.
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