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The nation’s auction market held firm over the weekend, shrugging aside massive volumes and concerns over rising interest rates.
Despite 2,898 homes taken to auction this week (up 20.7% week-on-week and 36.2% year-on-year), the preliminary national auction clearance rate came in at a solid 74.6%, down from 75.7% last weekend:
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.
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