Auctions return but will buyers bid?

  • Auction market is back in business
  • Numbers double in Sydney and Melbourne
  • Will buyers respond?

Last week
Last week there were 625 capital city homes taken to auction returning a final auction clearance rate of 61%, lower than what we were seeing over the second half of 2019 when the weighted average remained around 65 to 70% each week.
This week and weekend
The 2020 auction market is now in full swing, with over 1000 Capital city homes scheduled to go under the hammer this week.
Watch for Kevin Brogan’s thoughts about the weekend ahead and the numbers around the country and then join him on Monday as he gives the most comprehensive national roundup of the full week’s activity and a look inside the top sales in 6 capital cities.

 

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