Auction Update

Sydney remains upbeat Almost half Melbourne sellers withdraw There were 1,591 homes taken to auction across the combined capital cities this week.  Of the 1,207 results collected so far, 72.3 percent were successful.  In Melbourne, 510 homes were taken to auction this week.   Of the 320 results collected so far,...

Fewer sellers withdraw Selling prior a preferred option There were 1,535 homes taken to auction across the combined capital cities this week.   So far, 1,183 results have been collected this week, returning a preliminary auction clearance rate of 67.3 percent. In Melbourne, 531 homes were taken to auction.   Of...

Melbourne sales dip below last year Sydney owners sell early Lowest clearance in over a year Nationally, there were 2,245 properties scheduled for auction this week.  Of the 1,683 results collected so far by CoreLogic, 55.4 percent were successful - the lowest preliminary clearance rate since late April 2020. In...

There were 1,977 homes taken to auction across the combined capital cities this week as a number of vendors reschedule to a later date. There were 1,067 auctions held across Melbourne this week, revising down from the 1,179 originally scheduled, meaning around 9.5 percent were rescheduled to a later date. Sydney...

Prior sales increase nationally Over 10% of Sydney sellers withdraw Canberra adjusts to lockdown With Melbourne's lockdown extended, there were 954 auctions held across the city this week with almost 16 percent being postponed to another date. Of the 458 sold results collected in Melbourne so far, 52.6 percent were...

Auction volumes and the combined capital city preliminary clearance rate feel week-on-week with 1,672 auctions held and a preliminary success rate of 76.4%. This comes as Melbourne announces a 7-day snap lockdown and when combined with the ongoing Sydney lockdowns will further dampen auction numbers.  This week so far 10%...

10% of sellers reschedule Brisbane lockdown creates a scramble Sydney ‘resilient’ in lockdown Brisbane’s last-minute lockdown on Saturday created some auction chaos with auctions being rapidly bought forward or canceled.  The true impact on Brisbane’s auction market will become evident in the weeks ahead. Nationally, there were 2,077 homes originally...

There were 1,849 homes taken to auction across the combined capital cities this week, down from the 2,153 originally expected earlier in the week with Melbourne, Sydney, and Adelaide currently in lockdown.  Of the 1,509 results collected so far, 74.8 percent were successful, down from the previous week’s preliminary clearance rate...