Auction clearances bounce back after Easter slump

Sunday 28 April 2019

CoreLogic has released its preliminary auction report, which reported a rebounding clearance rate following the Easter Long Weekend slump.

The preliminary national auction clearance rate was 54.6%, well above last week’s preliminary clearance rate of 49.0% but still below the 60.3% final clearance rate recorded in the same weekend of last year:

However, auction volumes nationally were just 1,019, which was way below last year’s 2,577 auctions:

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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.