Auction market soft on election weekend

Sunday 19 May 2019

CoreLogic has released its preliminary auction report, which reported another soft auction clearance rate on very weak election-effected volumes.

The preliminary national auction clearance rate was 57.0%, below last week’s preliminary clearance rate of 58.1% but slightly above the 56.8% final clearance rate recorded in the same weekend of last year:

Auction volumes nationally were just 917, which was way below last year’s 2,100 auctions:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.