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Australia’s auction market boomed last weekend, recording a final auction clearance rate of 80.2% (down from 83.2% the prior weekend) on significantly higher volumes (2,708 versus 1986):
Australia’s final clearance rate is tracking close to its highest level since CoreLogic began tracking auctions in 2008:
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According to 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.