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CoreLogic released its auction report yesterday, which reported another pathetically weak round of auctions, with auction clearances remaining near 2011 lows.
The preliminary national auction clearance rate was just 45.3% versus 47.0% last weekend (later revised down to 41.3%).
The preliminary clearance rate was also way below the 59.5% 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.