Final auction clearance rate at 16-month high

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Last weekend, CoreLogic released its preliminary auction clearance rates, which revealed the following results:

Today, CoreLogic has released its final auction results, which reported a 5.2% decline in the final national auction clearance rate to 65.4% – well above the same weekend last year (57.0%) and exactly the same as last week’s:

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As you can see, Sydney’s final auction clearance rate was 8.7% lower, whereas Melbourne’s was 2.5% lower. However, both final clearances in Sydney and Melbourne were well above last year’s 55.2% and 59.9%.

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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.