Auction Update

Market adjusts to online auctions Fewer properties withdrawn This week, 590 capital city homes were scheduled for auction, with preliminary results returning a 59.6 per cent clearance rate. The previous week saw 413 homes scheduled for auction and a final clearance rate of 41.1 per...

Agency impact of COVID Values hold but for how long Listings reflect nervous market So far, the COVID-19 downturn has had a dramatic impact on agent activity and listings volumes in residential real estate. But the value of dwellings has been relatively resilient. Will it last...

Many auctions withdrawn Pre-auction sales favoured There is no CoreLogic Weekend Market Summary for this week due to the low volume of auctions during ANZAC week.  The COVID-19 restrictions undoubtedly also had an impact.  There was some activity and some sales were made. Kevin Brogan from...

Seller discounting increases Listing numbers fall by 30% Auction numbers fall further Last week Last week, a total of 1,922 homes were scheduled to go to auction across the combined capital cities, returning a final auction clearance rate of 30.2%; once again surpassing the previous week...

Withdrawn properties weight down results Auction bans spook the market Low consumer confidence shows through This week, 1,848 capital city homes were scheduled for auction; a substantial rise on the number of homes scheduled for auction last week, returning a preliminary clearance rate of 39.1%....

Sellers continue to withdraw Vendor discounting spreads nationwide Hobart ‘time to sell’ lowest nationwide  Last week Preliminary auction clearance rate drops below 30% over the Easter long weekend as withdrawn auctions rise to comprise 57% of all reported results This week and weekend This week despite ongoing restrictions...

More properties sell prior than at auction Melbourne clears 17% of auctions 40% of Sydney auctions are withdrawn  As Covid-19 continues to play havoc with the property market, nervous sellers withdraw properties ahead of auction while buyers swoop to secure a sale prior to auction. Of...

Nearly half of all auctions withdrawn again Prior sales numbers surge Sellers likely to abandon auction Challenges around new policies banning onsite auctions continued to see the auction market take a hit this week, over what is usually one of the busiest weeks of the...

Withdrawal number will climb Agents embrace digital alternatives Market braces for ‘a rough patch’ Last week Last week was expected to be the busiest week for auctions this year, however the disruptions of new policies preventing on-site options saw auction market activity plummet.  Over 50% of...

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