Domain released their preliminary results for today. From Thursday July 9 the Victorian government placed a ban on public real estate auctions as part of social distancing measures to slow the spread of COVID-19. The number of auctions withdrawn in the immediate weeks following the ban are likely to be higher than normal.
Canberra listed 23 auctions, reported 19 with 10 sold and 9 passed in to give a Domain clearance of 53%.
Brisbane listed 55 auctions, reported 37 with 20 sold, 10 withdrawn and 17 passed in to give a Domain clearance of 43%.
Adelaide listed 29 auctions, reported 19 with 14 sold, 2 withdrawn and 5 passed in to give a Domain clearance of 67%.
