Auction Results 3rd August 2019

Domain has released their preliminary results for today.

Same old story higher clearance rates, but on lower volumes than a year ago. 892 listed this week, compares with 1,155, with 642 reported, compared with 950 last year.

Adelaide listed 46 auctions, reported 27 and sold 14 with 3 withdrawn and 13 passed in to give a Domain clearance of 47%.

Brisbane listed 55, confirmed 29 sold 15 with 3 withdrawn and 14 passed in to give a Domain clearance of 47%.

Canberra listed 25, reported 17 with 10 sold and 4 withdrawn and 7 passed in to give a Domain clearance of 48%.

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

2 thoughts on “Auction Results 3rd August 2019”

  1. Hi Martin,

    looks like Govt is getting some success in spiking the home prices in Sydney and Melbourne .

    I’ve been looking for a home in Sydney’s Hills Shire, Norwest area and I really surprised to see prices have gone up almost $100k in last few weeks. One of the property I visited on Saturday , there are about 150 people waiting outside to check the property. Its ridiculous to see 50 mtr queue outside the property.

    Average price for 3-4 bed room house was $900k to $1.05 Mil few weeks ago , now its is $1.05 – $1.25 Mil. Looks like Vendors have adjusted their prices according to new APRA lending guidelines .

    Agents are totally in control and releasing only 4-5 new properties a week to create this demand , its really surprising to see how people’s mood can change in couple of weeks . FOMO is back in , at least in new home buyers.

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