Auction clearances down heavily on last year

Monday, 9 April 2018

CoreLogic released its auction report yesterday, which reported a largely stable preliminary national auction clearance rate – i.e. 65.3% this week compared to 65.5% a fortnight ago (later revised down to 66.0%).

The preliminary clearance rate was also well below the 74.8% recorded in the same weekend of last year:

Auction volumes nationally were 1,813 – well below the 3,517 recorded in the same weekend last year:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

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.