Auction clearances weak as prices continue to fall

Monday, 10 September 2018

CoreLogic released its auction report yesterday, which reported a small rise in the preliminary national auction clearance rate to 59.1% from 58.2% last weekend (later revised down to 55.0%).

The preliminary clearance rate was also way below the 66.9% recorded in the same weekend of last year:

Auction volumes nationally were 1,907 – below the 2,258 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.