Domain published their preliminary actions clearance results for today, with volumes and clearances still very weak compared with the same time last year.
In addition, the number of reported auctions compared with those listed is very low and the number withdrawn remains high. So to that extent, the measures are relatively meaningless. That said, last week’s final clearance just scraped above 50% (52.1%), higher than the week before.
Brisbane listed 101, reported 57 and sold 26 with three withdrawn. Domains clearance calculation was reported at 43%. You could argue the true number is closer to 26%!
Adelaide listed 67, reported 35 and sold 20 with 6 withdrawn, Domains clearance calculation was reported at 49%.
Canberra listed 59, reported 48 and sold 31, with 2 withdrawn. Domains clearance calculation was reported at 62%.
A general observation also is sales are significantly concentrated at the lower end of the market.
