{"id":10715,"date":"2017-03-09T15:00:16","date_gmt":"2017-03-09T04:00:16","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=10715"},"modified":"2017-03-09T15:00:16","modified_gmt":"2017-03-09T04:00:16","slug":"autumn-auction-season-kicks-off-strong","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/autumn-auction-season-kicks-off-strong\/","title":{"rendered":"Autumn auction season kicks off strong"},"content":{"rendered":"

In his column for\u00a0Switzer<\/a>, John McGrath discusses the results\u00a0of the Autumn\u00a0auction\u00a0market. \u00a0\u00a0\"mcgrath\"<\/a><\/strong>
\nThe Sydney and Melbourne markets are certainly off to a flying start this autumn season.
\nThe first two big Saturday auction days of the year \u2013 February 18 and 25 \u2013 yielded clearance rates around the 80% mark in both cities, despite a very high number of properties going to auction.
\nAccording to CoreLogic, Sydney and Melbourne have never had more auctions scheduled for the month of February.
\nDespite this volume, the cities recorded impressive clearance rates which indicates buyer demand is still incredibly strong.<\/p>\n

I\u2019ll lay it out for you because these are really remarkable statistics.<\/h4>\n

Week of February 18\u00a0\"auction\"<\/strong><\/p>\n

    \n
  • Sydney \u2013 661 auctions; clearance rate 84%<\/li>\n
  • Melbourne \u2013 958 auctions; clearance rate 77%<\/li>\n<\/ul>\n

    Week of February 25<\/strong><\/p>\n

      \n
    • Sydney \u2013 729 auctions; clearance rate 82%<\/li>\n
    • Melbourne \u2013 1,222 auctions; clearance rate 80%<\/li>\n<\/ul>\n

      Source: CoreLogic<\/em>
      \nIn anyone\u2019s language, these are impressive rates of sale.\u00a0<\/strong>
      \nAnd there\u2019s much more to come, with March typically the month with the highest number of auctions in the autumn season.
      \nAt McGrath, the best results in Sydney for Super Saturday were seen on the Northern Beaches and in the City\/East regions.<\/p>\n

      Demand was strongest in the $750,000 – $1m bracket, as well as the $1.5m -$3m bracket.<\/h4>\n

      These are the price brackets with the highest number of homes for sale and the demand for them is certainly there, with recent clearance rates of 79% and 77% respectively.
      \nClearance rates were similarly high among McGrath\u2019s Victorian offices (79%) and Canberra offices (100%).
      \nAs per usual at this time of year, new stock is coming onto the market but generally speaking, there are still not enough homes available for sale to meet demand and that means inevitable price rises.
      \nThe latest monthly CoreLogic Hedonic Home Value Index, released on March 1, shows that there was a 2.6% rise in median property prices in Sydney over the month of February, and a 1.5% gain in Melbourne.
      \n\"auction\"<\/strong>
      \nCanberra took line honours with a 3.2% gain.
      \nBy contrast, property values fell -4.3% in Darwin and -2.4% in Perth, as those cities continue to grapple with the fallout of the end of the mining boom.\u00a0<\/strong>
      \nCoreLogic points to a rebound in the pace of capital gains across the capital cities since mid-last year due to two interest rate cuts in May and August 2016 and an ensuing increase in investor activity over that period.
      \nIn the first half of 2016, conditions for growth had actually moderated \u2013 which you\u2019d expect after a long boom period in Sydney and Melbourne.
      \nBut the market effectively found a second wind and in Sydney and Melbourne this was further propelled by a severe lack of stock.
      \nThese conditions are now carrying over into 2017, with Sydney\u2019s annual rate of growth now at its highest point in 15 years.<\/strong>
      \nSo, autumn presents a phenomenal time to sell but Sydney and Melbourne vendors continue to find it hard to buy back in.<\/p>\n

      It\u2019s a significant dilemma.<\/h4>\n

      The biggest winners of this current market will be Sydney and Melbourne sellers who are relocating elsewhere, such as coastal and lifestyle areas where market conditions are far more normal.
      \nIf you\u2019re considering a sea change or relocation, you couldn\u2019t ask for a better time to make that move and fully capitalise on what is now a five year boom in Sydney and Melbourne real estate.<\/p>\n","protected":false},"excerpt":{"rendered":"

      In his column for\u00a0Switzer, John McGrath discusses the results\u00a0of the Autumn\u00a0auction\u00a0market. \u00a0\u00a0 The Sydney and Melbourne markets are certainly off to a flying start this autumn season. The first two big Saturday auction days of the year \u2013 February 18 and 25 \u2013 yielded clearance…<\/p>\n","protected":false},"author":176692471,"featured_media":10583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[13],"tags":[],"class_list":["post-10715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-story"],"yoast_head":"\nAutumn auction season kicks off strong - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/autumn-auction-season-kicks-off-strong\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Autumn auction season kicks off strong - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"In his column for\u00a0Switzer, John McGrath discusses the results\u00a0of the Autumn\u00a0auction\u00a0market. \u00a0\u00a0 The Sydney and Melbourne markets are certainly off to a flying start this autumn season. The first two big Saturday auction days of the year \u2013 February 18 and 25 \u2013 yielded clearance...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/autumn-auction-season-kicks-off-strong\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-09T04:00:16+00:00\" \/>\n<meta name=\"author\" content=\"rolanrush\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rolanrush\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/autumn-auction-season-kicks-off-strong\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/autumn-auction-season-kicks-off-strong\\\/\"},\"author\":{\"name\":\"rolanrush\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"headline\":\"Autumn auction season kicks off strong\",\"datePublished\":\"2017-03-09T04:00:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/autumn-auction-season-kicks-off-strong\\\/\"},\"wordCount\":554,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/autumn-auction-season-kicks-off-strong\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Latest Stories\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/autumn-auction-season-kicks-off-strong\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/autumn-auction-season-kicks-off-strong\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/autumn-auction-season-kicks-off-strong\\\/\",\"name\":\"Autumn auction season kicks off strong - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/autumn-auction-season-kicks-off-strong\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/autumn-auction-season-kicks-off-strong\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2017-03-09T04:00:16+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/autumn-auction-season-kicks-off-strong\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/autumn-auction-season-kicks-off-strong\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/autumn-auction-season-kicks-off-strong\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/autumn-auction-season-kicks-off-strong\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Autumn auction season kicks off strong\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\",\"name\":\"Realty Talk\",\"description\":\"Your Trusted Voice For Property Investing. Anywhere, Anytime.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\",\"name\":\"rolanrush\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"caption\":\"rolanrush\"},\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/author\\\/rolanrush\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Autumn auction season kicks off strong - Realty Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/channels.realty.com.au\/realtytalk\/autumn-auction-season-kicks-off-strong\/","og_locale":"en_US","og_type":"article","og_title":"Autumn auction season kicks off strong - Realty Talk","og_description":"In his column for\u00a0Switzer, John McGrath discusses the results\u00a0of the Autumn\u00a0auction\u00a0market. \u00a0\u00a0 The Sydney and Melbourne markets are certainly off to a flying start this autumn season. The first two big Saturday auction days of the year \u2013 February 18 and 25 \u2013 yielded clearance...","og_url":"https:\/\/channels.realty.com.au\/realtytalk\/autumn-auction-season-kicks-off-strong\/","og_site_name":"Realty Talk","article_published_time":"2017-03-09T04:00:16+00:00","author":"rolanrush","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rolanrush","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/channels.realty.com.au\/realtytalk\/autumn-auction-season-kicks-off-strong\/#article","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/autumn-auction-season-kicks-off-strong\/"},"author":{"name":"rolanrush","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"headline":"Autumn auction season kicks off strong","datePublished":"2017-03-09T04:00:16+00:00","mainEntityOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/autumn-auction-season-kicks-off-strong\/"},"wordCount":554,"commentCount":0,"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/autumn-auction-season-kicks-off-strong\/#primaryimage"},"thumbnailUrl":"","articleSection":["Latest Stories"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/channels.realty.com.au\/realtytalk\/autumn-auction-season-kicks-off-strong\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/channels.realty.com.au\/realtytalk\/autumn-auction-season-kicks-off-strong\/","url":"https:\/\/channels.realty.com.au\/realtytalk\/autumn-auction-season-kicks-off-strong\/","name":"Autumn auction season kicks off strong - Realty Talk","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/autumn-auction-season-kicks-off-strong\/#primaryimage"},"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/autumn-auction-season-kicks-off-strong\/#primaryimage"},"thumbnailUrl":"","datePublished":"2017-03-09T04:00:16+00:00","author":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"breadcrumb":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/autumn-auction-season-kicks-off-strong\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/channels.realty.com.au\/realtytalk\/autumn-auction-season-kicks-off-strong\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/channels.realty.com.au\/realtytalk\/autumn-auction-season-kicks-off-strong\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/channels.realty.com.au\/realtytalk\/autumn-auction-season-kicks-off-strong\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/channels.realty.com.au\/realtytalk\/"},{"@type":"ListItem","position":2,"name":"Autumn auction season kicks off strong"}]},{"@type":"WebSite","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website","url":"https:\/\/channels.realty.com.au\/realtytalk\/","name":"Realty Talk","description":"Your Trusted Voice For Property Investing. Anywhere, Anytime.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/channels.realty.com.au\/realtytalk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d","name":"rolanrush","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","caption":"rolanrush"},"url":"https:\/\/channels.realty.com.au\/realtytalk\/author\/rolanrush\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/10715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/users\/176692471"}],"replies":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/comments?post=10715"}],"version-history":[{"count":0,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/10715\/revisions"}],"wp:attachment":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/media?parent=10715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/categories?post=10715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/tags?post=10715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}