Auctions bounce suggests “we’re coming out of the bottom”

Sunday 7 April 2019

CoreLogic released its preliminary auction report yesterday, which reported another weak clearance rate on soft volumes.

The preliminary national auction clearance rate was just 57.2%, slightly above last week’s 56.8% but well below the 62.8% final clearance rate recorded in the same weekend of 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.