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CoreLogic released its auction report yesterday, which reported a small rebound in the preliminary national auction clearance rate to 63.5% from 62.5% last weekend (later revised down to 60.3%).
However, the preliminary clearance rate was still well below the 73.0% recorded in the same weekend of last year:
Auction volumes nationally were 2,280 – above the 1,689 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.