Advertisement
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:
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.
Advertisement