Advertisement
CoreLogic released its auction report yesterday, which reported a big fall in the preliminary national auction clearance rate to 65.9% from 70.5% last week (later revised down to 66.8%). The preliminary clearance rate was also well below the 74.6% recorded in the same weekend of last year:
Nevertheless, as you can see above, the trend clearance rate has bounced recently.
Auction volumes nationally were at at 2,980 – slightly above the 2,907 recorded in the same weekend last year:
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.