Auction Update

08 May

Posted at 15:14h in Auction Update, Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Research, Sponsored Channels, Trends, Videos by

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...

04 May

Posted at 12:27h in Auction Update, Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Research, Sponsored Channels, Trends, Videos by

Market adjusts to online auctions Fewer properties withdrawn This week, 590 capital city homes were scheduled for auction, with preliminary results returning a 59.6 per cent clearance rate.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...

01 May

Posted at 15:03h in Auction Update, Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Research, Sponsored Channels, Trends, Videos by

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...

27 Apr

Posted at 12:44h in Auction Update, Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Research, Sponsored Channels, Trends, Videos by

Many auctions withdrawn Pre-auction sales favoured There is no CoreLogic Weekend Market Summary for this week due to the low volume of auctions during ANZAC week.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...

24 Apr

Posted at 15:00h in Auction Update, Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Research, Sponsored Channels, Trends, Videos by

Seller discounting increases Listing numbers fall by 30% Auction numbers fall further Last week Last week, a total of 1,922 homes were scheduled to go to auction across the combined capital cities, returning a final auction clearance rate of 30.2%; once again surpassing the previous week...

20 Apr

Posted at 12:26h in Auction Update, Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Research, Sponsored Channels, Trends, Videos by

Withdrawn properties weight down results Auction bans spook the market Low consumer confidence shows through This week, 1,848 capital city homes were scheduled for auction; a substantial rise on the number of homes scheduled for auction last week, returning a preliminary clearance rate of 39.1%....

17 Apr

Posted at 15:00h in Auction Update, Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Research, Sponsored Channels, Trends, Videos by

Sellers continue to withdraw Vendor discounting spreads nationwide Hobart ‘time to sell’ lowest nationwide  Last week Preliminary auction clearance rate drops below 30% over the Easter long weekend as withdrawn auctions rise to comprise 57% of all reported results This week and weekend This week despite ongoing restrictions...

13 Apr

Posted at 12:55h in Auction Update, Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Research, Sponsored Channels, Trends, Videos by

More properties sell prior than at auction Melbourne clears 17% of auctions 40% of Sydney auctions are withdrawn  As Covid-19 continues to play havoc with the property market, nervous sellers withdraw properties ahead of auction while buyers swoop to secure a sale prior to auction. Of...

06 Apr

Posted at 12:47h in Auction Update, Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Research, Sponsored Channels, Trends, Videos by

Nearly half of all auctions withdrawn again Prior sales numbers surge Sellers likely to abandon auction Challenges around new policies banning onsite auctions continued to see the auction market take a hit this week, over what is usually one of the busiest weeks of the...