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Auction clearance rates rebounded over the weekend, with the preliminary rate nationally rising to 69.4% from 65.5% last weekend:
The nation auction clearance rate was also way above the 51.1% recorded in the same weekend last year:
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In particular, Sydney’s preliminary clearance rate was 79.9%, up from 77.4% last weekend and way above the 54.0% 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.