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The nation’s auction market was a bit softer last weekend following the highest number of February auctions since CoreLogic records began in 2008.
With 3,386 homes taken to auction, the final clearance rate came in at 70.9%, down from 74.3% 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.