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CoreLogic’s preliminary auction clearance rate remained fairly steady, with 64.3% of reported auctions cleared versus 65.9% last weekend:
Melbourne’s preliminary clearance rate fell to 63.6% from 73.0% last weekend off thinning volumes.
By contrast, Sydney’s preliminary clearance rate rose to 67.8% from 65.8% last weekend.
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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.
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