Record auction deluge to flood property market

Friday, 26 November 2021

Australia’s auction market continues to fatigue after weeks of high listings:

Last weekend’s final auction clearance rate was 70.3%, down heavily from 73.2% the prior weekend off 3720 auctions (up from 3,539 the prior weekend):

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.