Auction Results 11 August 2018

Domain released their preliminary results from today.  The numbers are still down on last year, though the listing volume appears slightly higher this week.  Last week ended up at below 50% nationally, and we suspect the final results this week will be pretty similar. We also note Melbourne seems to be lower than Sydney (as expected as Melbourne trends are running about 6 months behind Sydney).

Adelaide listed 48, and reported 30 sales, with 23 sold, and 1 withdrawn, giving a Domain clearance of 74%.

Brisbane listed 76, reported 50 and sold 22 with 2 withdrawn giving a Domain clearance rate of 42%.

Canberra listed 26 and reported 20 with 14 sold and 3 withdrawn giving a Domain 61% clearance.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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