Auction market hangs on

Monday, 29 June 2020

CoreLogic’s preliminary auction report reported a slight retracement in the preliminary clearance rate (from 66.1% to 64.5%) off solid volumes:

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

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.