Now the new year has kicked off, we are getting the preliminary auction results from Domain.
It seems that despite the hype (all those “willing buyers” the agents keep talking about), the volume and rate of auction clearances appear to be tracking the weakness late last year.
Once again, their 40% floor means the the final results both nationally and in Melbourne are not showing. National result was 36.0% last week, compared with 63% last year!
They report that in Brisbane 64 auctions were listed, 30 reported and 10 sold, with 17 withdrawn making a Domain clearance rate of 21%.
In Adelaide, 56 were listed for auction, 25 were reported and 15 sold, with 4 withdrawn, giving a Domain clearance rate of 52%.
In Canberra, 39 were listed for auction, 30 reported and 16 sold, with 1 withdrawn, giving a Domain clearance rate of 52%.
Final results will settle in a few days, as normal.
