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CoreLogic has released its preliminary auction report, which reported a small retracement in the national clearance rate from last week’s 14-month high.
The preliminary national auction clearance rate was 63.7%, down from last week’s preliminary clearance rate of 66.4%, but well above the 55.5% final clearance rate recorded in the same weekend of last year:
However, auction volumes nationally (1,480) were well below last year’s 1,849 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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