Advertisement
Last weekend, the nation’s auction market kicked back into gear with 436 auctions held across the combined capital cities and a final clearance rate of 66.0% recorded:
According to CoreLogic:
Traditionally the quietest time of the year, last week’s auction activity was up 78.7% compared to the same time last year (244). Following a record level of auction activity in December, last week’s combined capital clearance rates were up compared to the December average (63.7%) with 66.0% of auctions held returning a successful result…
The full text of this article is available to MacroBusiness subscribers
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.