Auction numbers edge up slightly Clearance W.O.W. is up Withdrawals down to 11% Last week The final weighted-average clearance rate came in at 62.7% last week, surpassing the previous week’s 60.4% as the highest result since the week ending 15 March. While clearance rates have bounced back to almost pre-restriction levels, volumes remain significantly lower than what we would usually see. There were 612 auctions … Continue reading Most Capitals Hold Firm
Auction volumes a third of last year Highest clearance in 10 weeks Sydney tops the country 7 of the last 8 weeks The combined capital cities returned a preliminary auction clearance rate above 70% this week, which was the highest preliminary result we’ve seen since early March, right before restrictions to onsite auctions and inspections were announced. The improved clearance rate was across a higher … Continue reading Volumes And Clearances Lift
Cap cities stable Withdrawals low Sales prior reflect confidence Last week The capital city final auction clearance rate came in at 60.4% last week, surpassing the previous week’s 59.9% as the highest final result we’ve seen since Mid-March. The improved clearance rate was across a lower volume of auctions with 417 held, down on the 480 held over the week prior. Of the 349 results … Continue reading Confidence Begins To Return
Increased numbers about to come Sydney first to react positively Clearance rates strengthen This week, 400 capital city homes were scheduled for auction, with preliminary results returning a 64.0 percent clearance rate. Sydney, one of Australia’s largest auction markets, returned a preliminary clearance rate above 70%, suggesting the relaxation in social distancing policies specific to housing are having an immediate and positive impact on home … Continue reading Auction Activity “below average”
Clearance rate ticks up Withdrawals halve Sellers still prefer a pre-auction sale Last week The capital city final auction clearance rate came in at 59.9% last week, the highest final result we’ve seen since Mid-March. The improved clearance rate was across a lower volume of auctions with 480 held, down on the 612 held over the week prior when 47.5% cleared. Of the 395 results … Continue reading Results Show More Buyer Confidence
Withdrawn listing numbers decline Under the hammer sales increases Analysis of ‘true meaning’ of auction numbers The combined capital city preliminary auction clearance rate bounced back above 60% for the first time since late March, with 64.5% of homes selling this week. The higher clearance rate was across a lower volume of auctions over the week with 473 scheduled, down on the 612 auctions over … Continue reading Sellers More Willing to ‘Test’ Market
Auction numbers very sluggish Low consumer sentiment Tough selling conditions Last week There were 612 capital city homes taken to auction last week, returning a final auction clearance rate of 47.5%. This was an improvement on the week prior when 41.1% of the 413 auctions returned a successful result. Last week saw withdrawal rates much lower that what we’ve seen over the past month as … Continue reading Online Auctions Fail to Impress – Kevin Turner
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 cent with the lower volumes likely due to Anzac Day commemorations. One year ago, there were 1,479 homes taken to … Continue reading Auction Numbers Up Slightly
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 and what is ahead. Kevin Brogan discusses listing activity, property values and the impact housing debt. See the full … Continue reading The Relative Resilience of Property Values
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 CoreLogic has the results and we take you through 2 successful Sydney online auction sales that occurred over the … Continue reading Low Auction Volumes Nationally
