Aussie property auction clearances keep on crashing

Leith van Onselen

Monday, 15 October 2018

CoreLogic released its auction report yesterday, which reported another anaemic weekend of auctions.

The preliminary national auction clearance rate was just 50.7% versus 53.7% last weekend (later revised down to 49.5%).

The preliminary clearance rate was also way below the 67.1% 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.