Over the 3 months to September 2019, the clearance rate across the combined capital cities came in at 69.9 per cent across 16,730 auctions, the strongest quarterly clearance rate seen since the June 2017 quarter (71.7 per cent).
The weekly auction clearance rates have continued to improve over the September 2019 quarter, with the last 7 weeks of the quarter holding at or above 70 per cent, although auction volumes are lower than the previous quarter…
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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.
