Auction market gets winter chill

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CoreLogic released its final auction report for last weekend, with the final clearance rate to 77.0% from 77.0% the prior weekend. It was the lowest final auction clearance rate recorded in 2021.

Final auction clearance rates

The weakest auction clearances of the year, but still strong overall.

The result came off the year’s fifth strongest auction volumes (2,834).

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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.