Auction Update

Election slows auction bidding Market set to bounce back When it came to voting or bidding on Saturday, the masses chose to vote.   The combined capital cities recorded their lowest preliminary clearance rate of the year to date amid a slump in auction activity caused by the federal election.    However, CoreLogic figures...

Sydney dips below 60% Auction numbers fall by 30% This week, 2,039 homes were taken to auction across the combined capital cities, down from both the previous week (2,699) and this time last year (3,016).  Of the 1,611 results collected so far, 64.7 percent were successful, once again overtaking the previous...

Nat clearance falls again Only 1 city with YOY increase Core Logic figures from last week are indicating that buyers are taking more control as the choice of new properties grows. There were 2,685 homes taken to auction across the combined capital cities this week. Of the 2,119 results collected so...

Lowest clearance of the year Where have the buyers gone? There were 1,813 homes taken to auction across the combined capital cities this week, with the lower volumes attributed to the ANZAC Day long weekend.  Of the 1,414 capital city results collected so far, 67.6 percent were successful which is...

Numbers almost double Y.O.Y. Clearance suffers With each of the capitals, excluding Brisbane and Perth, recording busy weeks, this week's auction activity was up 24% compared to the week prior. However, this week's preliminary clearance rate fell back below 70%.  Last week Melbourne recorded its busiest week of the year so...

Numbers to surge next week Brisbane continues to improve The combined capitals recorded their third-highest auction volumes of the year this week, with 3,148 capital city homes taken to auction. Of the 2,537 results collected so far, 70.1% recorded a successful result. Next week we are expecting auction volumes to rise...

Numbers up W.O.W. Clearance lowest of the year Easter boost likely ahead This week’s auction activity was up 8.2% from the 3,108 auctions held the week prior, but down -12.4% from the 3,840 auctions held this time last year. Last year's results coincided with the Easter peak, so Core Logic...

There were 3,062 homes taken to auction across the combined capital cities this week, making it the second busiest auction week of the year so far. Melbourne was host to 1,504 auctions this week, up from 608 over the previous week and 1,322 this time last year. In Sydney, 1,005 homes were...

There were 2,945 homes taken to auction across the combined capital cities this week. Despite the recent weather and flooding events in Brisbane and Sydney, withdrawal rates have held relatively low.  Melbourne was host to 1,426 auctions this week and Sydney agents conducted 993 property auctions.  Across the smaller capitals, Adelaide recorded...