Auction clearances still strong

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Auction clearance rates remained strong over the weekend, with the preliminary rate nationally coming in at 74.0%, down slightly from 75.7% last weekend:

Auction clearances were also way above the 52.4% recorded in the same weekend last year:

Sydney’s preliminary clearance rate was 76.6%, down from 80.3% last weekend, but way above the 51.1% recorded in the same weekend last year.

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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.