Auction market finally tops out

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CoreLogic has released its final auction results for last weekend, with the national clearance rate coming in at 78.6%.

While this was up 1.8% on the prior week’s 76.8%, it was significantly below March’s average final clearance rate of 81.0%:

Final auction clearance rate

After a record breaking run in the March quarter, auction clearances are beginning to slow.

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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.