Domain released their preliminary results for today.
The clearance rates are a little higher than before Christmas, but on very low volumes, and both volumes and clearance rates are way down from a year ago. Little to suggest a real bounce.
The final results from last week came in at 51.1% nationally, with Melbourne below Sydney, which is consistent with what we are seeing in the Melbourne market, which is easing back at a faster rate.
Brisbane listed 101 auctions, reported 47 and 10 were withdrawn. 21 were sold giving a Domain clearance rate of 37%.
Adelaide listed 60 and reported 32. 23 were sold and 2 withdrawn, giving a clearance rate of 68% on the Domain basis.
Canberra listed 80 and reported 53 with 29 sold and 3 withdrawn. This gives a Domain clearance of 52%.
