Auctions deluge drowns clearance rates

Monday, 29 November 2021

This weekend marked the biggest weekend of auctions since CoreLogic began tracking the market in 2008, with a whopping 4261 homes going under the hammer:

Accordingly, Australia’s preliminary auction clearance rate fell to 71.4% – a figure that will likely fall into the high 60s once all results are counted:

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.