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CoreLogic has released its preliminary auction report, which reported a rebounding auction clearance rate, albeit on very weak volumes.
The preliminary national auction clearance rate was 58.8%, well above last week’s preliminary clearance rate of 54.6% but still below the 62.1% final clearance rate recorded in the same weekend of last year:
Auction volumes nationally were just 1,472, which was way below last year’s 2,311 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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