Auction clearance rate above 60% for fourth straight week

Sunday 7 July 2019

After last week’s final auction clearance rate hit a 15-month high, CoreLogic’s preliminary auction clearance rate for the weekend’s auctions rose to 68.9% from 66.5% last weekend – the fourth consecutive week that the clearance rate was above 60%:

However, auction volumes fell to 945 – well down on last year’s 1,411:

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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.