Half of All Properties Withdrawn

  • 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  Over 50% of properties reported being withdrawn last week and this trend is likely to continue. Agents are turning to Digital alternatives thus enabling “remote auctions”.
This week and weekend
It is not known exactly how many capital city homes will go to auction this week, however current conditions will again see a large proportion of those withdrawn.
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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