Auction Results 09 Dec 2017 – Going Down!

The preliminary auction results are in from Domain.  We see an ongoing weakening trend, especially in Sydney where last week clearances settled at 51.4%, and the preliminary today is 58.2% so far, but will settle lower.

Comparing the results with last year, both the volume of sales and auctions are down. This will continue to lead home prices lower.

Brisbane achieved 44% of 117 scheduled, Adelaide 67% of 108 and  Canberra 68% of 80.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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