Auction Update

Agents respond and show resilience Virtual auctions come to life Prior auction sales surge This week was set to be the busiest week of the year with 3,203 homes scheduled for auction across the combined capital cities.  With the disruption of new policies preventing on-site...

Restrictions impact activities Agents explore new ways We hold our breath Last week Last week, auction volumes across the combined capital cities reached their second highest level this year with 2,599 homes taken to market. The higher volumes combined with uncertainty around COVID-19 saw the final...

Sellers withdraw from the market Clearance rate likely lowest in 2 years Turning point in buyer and seller confidence This week’s preliminary auction results mark a turning point in buyer and seller sentiment, with withdrawal rates rising as vendors think twice about testing the market...

Sellers in Melbourne move auction dates forward Auctions going ‘online’ This weekend will test the market This week and weekend Agents around the country are reporting that sellers, in some cities, are moving auction dates forward ahead of an anticipated slowdown in the market. This week...

Markets are relatively resilient Clearance rates edge slightly lower Downside risk of reduced activity ahead There were 2,220 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 70.6%. Although clearance rates have edged lower, the final clearance...

Melbourne on the show with over 1000 auctions Sydney down on last week Final clearance just under 70% Last week Last week, 1,494 homes were taken to auction across the combined capital cities, returning a final auction clearance rate of 68.6 percent. Over the previous week,...

Sydney steams ahead Melbourne results down There were 1,456 auctions held across the combined capital cities this week, significantly lower than the 3,026 held last week, however higher than the 1,197 auctions held one year ago. The fall in auction volumes this week is...

Auction numbers fall by over 50% Sydney takes an unofficial break Perth numbers rise Last week Last week, the strength of the auction market was tested as volumes rose and, as we reported on Monday, it passed with flying colours.  Over 3,000 auctions and a final...

Higher volumes test the market Melbourne results – best in 17 months Sydney clearance tops the country Auction markets are passing the test of higher volumes with strong results, with volumes reaching similar levels to those seen around the end of last year over the...

Subscribe to Australia’s most listened to podcast now!

Free to join and learn, just subscribe now!

Daily Audio Shows, Video Tips, Commentary and Blogs.