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CoreLogic’s preliminary auction report posted extremely strong results with the national clearance rate lifting to 84.4% off 3,791 volumes.
The preliminary clearance rate was 2.4% higher than last week’s 82.0%, and above the prior week’s 83.2%. Auction volumes were also the highest since 3,990 were taken to auction in the week ended 25th March 2018.
Australia’s auction market is booming, with clearance rates strongest since 2015.
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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.