Auction clearance rate collapses

Monday 1 October 2018

CoreLogic released its auction report yesterday, which reported another very weak weekend of auctions; albeit affected by the footy grand finals.

The preliminary national auction clearance rate at just 49.1% versus 55.5% last weekend (later revised down to 52.4%).

The preliminary clearance rate was also way below the 66.3% recorded in the same weekend of 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.