Suddenly, auction clearances no longer matter

Wednesday, 12 December 2018

As auction clearance rates have crashed to 2011 lows:

We are now starting to see apologists claim that auction clearances no longer matter and are now an unreliable indicator for dwelling prices.

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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.