Auction clearances continue weak seasonal bounce

Monday, 18 March 2019

CoreLogic released its preliminary auction report yesterday, which reported a bounce in clearances on softening volumes.

The preliminary national auction clearance rate was just 56.1%, above last week’s 52.2% but way below the 66.0% final clearance rate recorded in the same weekend of last year:

Auction volumes nationally were just 1,894 – way below the 3,136 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.