Plunging auction clearances means prices will keep falling

Thursday 20 September 2018

Yesterday afternoon, CoreLogic released its final auction clearance rate, which fell to just 51.8% – the lowest level since 2012:

Interestingly, Domain analyst Eliza Owen also released research explaining the strong correlation between auction clearance rates and dwelling prices:

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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.