CoreLogic: June quarter a shocker for nation’s auction markets

Corelogic has released its June quarter auction market report, which reported a sharp fall in clearance rates and volumes owing to the COVID-19 lockdowns:

Auction volumes were down over the June quarter which is not surprising given the uncertainties around COVID-19 and tightened restrictions banning on-site auctions which came into effect at midnight on March 25. The latest quarterly results were largely impacted by these social distancing measures which saw a high proportion of pre-scheduled auctions withdrawn from the market over the first half of the quarter.

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