Auction clearances stay strong

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CoreLogic’s preliminary auction clearance rate softened a little over the weekend, with 73.6% of reported auctions cleared versus 75.1% last weekend:

Sydney’s preliminary clearance rate remained strong with 76.2% of reported auctions cleared versus 76.6% last weekend.

Melbourne’s preliminary auction clearance rate firmed to 77.1% versus 73.5% 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.