Domain released their preliminary results (on time), and the low clearance rates continue. More evidence of the slow-down.
The final clearance rates last week languished in the mid 40’s with the national result sitting at 43.9%.
The racing weekend meant that Melbourne was a slow day today. The preliminary national result of 43.6% will likely fall further as more results arrive.
Brisbane listed 119 auctions, reported 50 and sold 18, with 9 withdrawn, to give a Domain clearance rate of 31%.
Adelaide listed 87 auctions, reported 50 and sold 31, with 7 withdrawn, to give a Domain clearance rate of 54%.
Canberra listed 95 auctions, reported 79 and sold 38, with 7 withdrawn, to give a Domain clearance rate of 44%.
