Final auction clearance rate plunges into mid-40s

Thursday 25 October 2018

Last weekend, CoreLogic released its preliminary auction clearance rates, which revealed the following results:

Today, CoreLogic has released its final auction results, which reported a large 3.8% decline in the national auction clearance rate to 46.0%, with Sydney’s auction clearance rate diving 7.6% to just 44.6% and Melbourne’s falling 1.8% to 45.7%:

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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.