Auction Insider: Markets bounce back despite doom and gloom

Much of the media over the weekend was consumed with ‘doom and gloom’ reporting of a falling market, especially in Sydney, but that was proven to be unfounded.  Both Sydney and Melbourne auction clearance rates were above the previous weekend on the back of an increase in numbers.  Brisbane also turned in a better than expected clearance rate.  So as we head into Super Saturday … Continue reading Auction Insider: Markets bounce back despite doom and gloom

Auction Insider: Sydney market sinks further

The holiday weekend in Melbourne impacted the number of auctions conducted there but major concern continues for the extremely low clearance rate coming out of Sydney according to Dr Andrew Wilson.  With just 61.5% clearance last weekend, Sydney is dangerously close to the benchmark sub 60% barrier that would indicate a very weak confidence level.   See the numbers for all cap city markets and get … Continue reading Auction Insider: Sydney market sinks further

VIDEO-Falling clearance rates signal a buyer’s market

 The number of auctions conducted in all capital cities, except for Adelaide, were fewer than the previous week and clearance rates continue to fall everywhere except Canberra which recorded the country’s highest clearance rate last weekend.  Dr Andrew Wilson says the indications are that we are entering a buyer’s market.  Toward the end of this 11-minute summary, Dr Wilson also makes comment about tomorrow’s … Continue reading VIDEO-Falling clearance rates signal a buyer’s market

VIDEO-Melbourne and Sydney results highlight a slowdown

 Auction results from last weekend are a good measure of buyer and seller confidence.  Dr Andrew Wilson says sellers are showing more caution with auction numbers still down on last year but clearance rates are remaining high.  Less choice for buyers is still a big talking point.  Andrew breaks down the Sydney and Melbourne regional results from last weekend as well. Continue reading VIDEO-Melbourne and Sydney results highlight a slowdown

Reserve Bank mired in uncertainty as rents rise

The Reserve Bank now admits that incomes growth in Australia may remain stubbornly stagnant for longer than expected despite recent robust jobs growth and lower unemployment rates. This really should be no surprise to an increasingly mystified Bank as this conundrum has been challenging other similar developed economies for some time. Full employment and competition for labour is failing to ignite wages growth as in … Continue reading Reserve Bank mired in uncertainty as rents rise

Subdued start to the auction year but clearance rates up – Dr Andrew Wilson

 Dr Andrew Wilson presents his report on the auction activity over the weekend just gone which saw an increase in the number of auctions conducted, an increase in clearance rates generally but still a more sluggish market than this time last year.  Buyers are in for more choice this coming weekend with a continued increase in listing numbers.  Andrew breaks down the Sydney and … Continue reading Subdued start to the auction year but clearance rates up – Dr Andrew Wilson