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This weekend marked the second biggest volume of auctions since CoreLogic began tracking the market in 2008, with a whopping 4758 homes going under the hammer.
Australia’s preliminary auction clearance rate fell further to 63.4% from 66.6% last weekend – a figure that will likely fall into the low 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.