Melbourne’s auction clearance rate still crushed

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CoreLogic’s preliminary auction clearance rate remained steady at 59.2%, exactly the same as last week:

Melbourne’s remains stillborn running below 50%.

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.