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The ban on traditional auctions, the shift to online, alongside crashing sentiment continues to decimate the nation’s auction markets, with the preliminary clearance rate coming in at only 39.1%:
Clearance rates were weak everywhere except Canberra:
According to CoreLogic:
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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.
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