Auction clearance results solid

Sunday 14 June 2020

CoreLogic’s preliminary auction report posted a solid rebound in the preliminary clearance rate (from 59.8% to 63.3%) off much higher volumes:

Once final results are received later this week, we are likely to see the weighted average clearance rate fall to around 60%.

Domain’s preliminary auction results were similar; 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.