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Australia’s auction clearances have fallen heavily after weeks of record listings:
Last weekend’s final auction clearance rate was 61.1%, down from 64.0% the prior weekend off a near record 4,783 auctions (down from 4981 the prior weekend):
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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.