Auction clearance rate stable at weak

Sunday 18 March 2018

CoreLogic released its auction report yesterday, which reported a largely stable preliminary national auction clearance rate – i.e. 67.5% this week compared to 67.3% last week (later revised down to 63.3%).

The preliminary clearance rate was also well below the 74.1% recorded in the same weekend of last year:

Auction volumes nationally were at at 3,097 – above the 2,916 recorded in the same weekend last year:

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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.