Auction market powers ahead

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Australia’s auction market boomed again last weekend, recording a final auction clearance rate of 76.8% (down from 78.9% the prior weekend) on higher volumes (3,546 versus 3,019):

As shown above, clearance rates were strong everywhere but Perth. It was also the second highest number of auctions this year.

As noted by 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.