Domain released their preliminary results for today. These results provide key insights into property market activity, based on a majority of sample auctions that take place every Saturday. Domain continues to collect results throughout the week.
The Domain auction clearance rate* is the percentage of properties successfully sold prior to, or at, an auction. The clearance rate is calculated by dividing auction sales by the number of reported auctions, including those withdrawn or postponed.
*The number of auctions withdrawn is unusually high at the moment due to the temporary ban on holding onsite auction gatherings. A withdrawn auction is counted as unsold, which will pull down the clearance rate.
Canberra listed 29 auctions, reported 16 sold 14 with 8 withdrawn and 2 passed in to give 58% Domain clearance.
Brisbane listed 67 auctions,reported 28 and sold 13 with 23 withdrawn and 15 passed to give 25% Domain clearance.
Adelaide listed 17 auctions, reported 5 and sold 5 with 7 withdrawn and 0 passed in to give 42% Domain clearance.
I would add some of the reported sales appear to be from an earlier date!
