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CoreLogic has released its preliminary auction report, which reported a big lift in the auction clearance rate after the Coalition’s unexpected election victory and announced macro-prudential easing by APRA.
The preliminary national auction clearance rate was 62.2%, well above last week’s preliminary clearance rate of 57.0% and also above the 56.2% final clearance rate recorded in the same weekend of last year:
Auction volumes nationally were 2,041, slightly below last year’s 2,297 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.
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