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CoreLogic released its preliminary auction report yesterday, which reported another weak clearance rate on crashing volumes.
The preliminary national auction clearance rate was just 56.0%, slightly below last week’s 56.1% and way below the 62.7% final clearance rate recorded in the same weekend of last year:
Auction volumes nationally were just 1,669 – way below the 3,990 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.
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