Auction Results 24 Nov 2018

The data from Domain released today shows the preliminary auction clearance results remains stuck in neutral.

Last weeks final results came it at 40.3% with Melbourne at 39%, below Sydney’s 40.4%.

This week so far, Melbourne again looks weaker than Sydney and is likely to fall further as more data comes in. Again we see a significant number of withdrawn properties.

Brisbane reported a provisional clearance rate of 40%, Canberra 46% and Adelaide 62%, all on low volumes.  The fuller schedules from Domain are not available at this time.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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