Final auction clearance rate collapses to lowest in memory

Thursday, 2 April 2020

Earlier this week, CoreLogic released its preliminary auction clearance rates, which revealed the following results:

Today, CoreLogic has released its final auction results, which reported a 14.1% decline in the final national auction clearance rate to 37.3% – way below the same weekend last year (50.9%):

This was the lowest final auction clearance rate in recorded history:

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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.