Auction clearance rates remain stuck in gutter

Monday, 8 October 2018

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.