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CoreLogic has released its preliminary auction report, which reported a sharp drop in the national clearance rate driven by the smaller capitals.
The preliminary national auction clearance rate was 51.3%, well below last week’s preliminary clearance rate of 61.5% and also below the 53.8% final clearance rate recorded in the same weekend of last year:
Auction volumes nationally (803) were well also below last year’s 904 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.