Auction clearances fades on volumes flood

Monday 7 March 2022

The nation’s auction market softened further over the weekend on heavy volumes.

With 2,945 homes taken to auction this week, the preliminary national auction clearance rate came in at 72.7%, down from 74.3% last weekend:

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.