Auction market hangs on

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CoreLogic’s preliminary auction clearance rate rebounded to 65.3% from 59.2% last weekend:

Melbourne’s preliminary clearance rate rebounded to 59.8% from 49.8% last week, due to bombing volumes (and fewer withdrawals).

As noted by 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.