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Family homes are reportedly “flying” at auctions “as pent-up buyer demand sparks competition”, according to Domain. The fist pumping comes as Domain’s weekly auction report showed a preliminary clearance rate of 52.8%, although there was conveniently no mention that the final result for the week prior was a disastrous 36.9% – down massively from the 63.4% recorded at 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.