Auctions smash rolls on

Monday, 25 March 2019

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.