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CoreLogic released its auction report yesterday, which reported a fall in the preliminary national auction clearance rate to 64.5 from 65.3% last weekend (later revised down to 62.8%).
The preliminary clearance rate was also well below the 73.9% recorded in the same weekend of last year:
Auction volumes nationally were 1,890 – well above the 493 recorded in the same weekend last year (which were affected by Easter long-weekend):
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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.