Auction market faces year’s biggest test

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The nation’s auction market continues to soften.

With 2,054 homes taken to auction, the final clearance rate came in at 68.9%, down from 69.2% the prior 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.