{"id":32054,"date":"2021-11-08T16:00:40","date_gmt":"2021-11-08T05:00:40","guid":{"rendered":"https:\/\/channels.realty.com.au\/realtytalk\/?p=32054"},"modified":"2021-11-08T18:39:31","modified_gmt":"2021-11-08T07:39:31","slug":"market-decline-likely-to-continue","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/market-decline-likely-to-continue\/","title":{"rendered":"Market decline \u2018likely to continue\u2019"},"content":{"rendered":"<ul>\n<li style=\"text-align: justify\"><b>Total auctions down<br \/>\n<\/b><\/li>\n<li style=\"text-align: justify\"><b>Clearance declines<br \/>\n<\/b><\/li>\n<li style=\"text-align: justify\"><b>Withdrawals rise<\/b><b><\/b><\/li>\n<\/ul>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Across the combined capitals, 3,276 homes were taken to auction this week. This is down from the previous week (3,546) but overtakes the week prior as the third busiest of the year. With auction volumes remaining high, the clearance rate has declined steadily over the past few weeks.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">From the 611 auctions that occurred this time last year. With 1,127 results recorded so far, Melbourne reported its lowest preliminary clearance rate since mid-September.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Sydney had its busiest auction week since March. \u00a0 With 1,046 results recorded so far, Sydney saw a preliminary clearance rate of 75.9%, down slightly from last week.\u00a0 \u00a0 Since restrictions lifted across Sydney on the 11<\/span><span style=\"font-weight: 400\">th<\/span><span style=\"font-weight: 400\"> of October, weekly volumes have increased by nearly 50% while clearance rates have steadily declined and the withdrawal rate has risen.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">In the smaller auction markets, Canberra recorded the highest preliminary clearance rate at 91.4%, followed by Adelaide (85.8%) and Brisbane (84.7%).\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><b>Watch the most comprehensive and up-to-date report on auction activity around Australia with CoreLogic\u2019s Eliza Owen, exclusively on Realty Talk.\u00a0 See all our shows at Realty.com.au<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Total auctions down Clearance declines Withdrawals rise Across the combined capitals, 3,276 homes were taken to auction this week. This is down from the previous week (3,546) but overtakes the week prior as the third busiest of the year. With auction volumes remaining high, the&#8230;<\/p>\n","protected":false},"author":176692473,"featured_media":32056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,32,34,10,11,13,36,142,22,24,25,27,29],"tags":[],"class_list":["post-32054","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-auction-update","category-buying-a-property-topic","category-finance-topic","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-investment-topic","category-real-estate-talk","category-research-topic","category-shows","category-sponsored-channels","category-trends-topic","category-video","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Market decline \u2018likely to continue\u2019 - Realty Talk<\/title>\n<meta name=\"description\" content=\"Across the combined capitals, 3,276 homes were taken to auction this week. 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