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CoreLogic released its auction report yesterday, which reported another very weak weekend of auctions.
The preliminary national auction clearance rate was just 53.7% versus 49.1% last weekend (later revised down to 45.8%); albeit last weekend’s auctions were impacted by the AFL Grand Final.
The preliminary clearance rate was also way below the 64.4% 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.