Auctions tsunami tanks clearance rates

Monday, 20 December 2021

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:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

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.