Domain released their preliminary results for today – actually most results from the past two weeks, not much today as the economic freeze continues.
The data clearly shows a slowing. Expect more drops ahead – especially if we are forced to follow the draconian UK measures to stop property transactions.
Canberra listed 66 auctions, reported 31 with 20 withdrawn and 7 passed in, giving a Domain clearance of 47%.
Brisbane listed 131 auctions, reported 23 with 18 sold and 67 withdrawn with 5 passed in to give a Domain clearance of 20%.
Adelaide listed 68 auctions, reported 15 with 13 sold with 51 withdrawn and 2 passed in giving a Domain clearance of 20%.
