Auction clearances climb as volumes crash

Sunday 24 May 2020

CoreLogic’s preliminary auction report, released yesterday, posted a rebound in the preliminary clearance rate (from 64.0% to 70.9%) but off volumes that are around 70% below the same weekend last year:

Once final results are received mid-week, we are likely to see clearance rates fall to around the mid-60s.

Domain’s preliminary auction results were a bit softer; albeit based on a smaller sample size:

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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.