Auction Clearance Rates – Take a Guess.

As we have already pointed out (ahem, Feb 27) weekly auction results can be as elastic as grandma’s undies. The reporting of auction results is voluntary and often we see un-reported results excluded from the calculation of the weekends clearance rate. Chris Vedelago does a nice job of pointing this out. We joyfully second him questioning why our esteemed RBA even quote these figures? Chris makes it clear “perhaps instead of just citing them, the RBA can lend its weight to ensure they’re as accurate as possible”. (ED: Props for the Numberwang reference). More…

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