Auction clearances continue weak seasonal bounce

Monday, 25 February 2019

CoreLogic released its preliminary auction report yesterday, which reported seasonally stronger clearances but on lower volumes.

The preliminary national auction clearance rate was just 54.1%, way below the 66.8% recorded in the same weekend of last year:

Auction volumes nationally were just 2,303 – well below the 3,313 recorded in the same weekend 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.