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Cotality with the great news.
The combined capitals preliminary clearance rate found a floor over the past three weeks, holding in the high 40% range.
Last week’s early result increased slightly to 49.8%, up from 49.2% the previous week, but remained below 50% for the third week in a row.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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