Domain released their preliminary results for today as the economic slowdown continues to hit transactions. They warn that “From Thursday July 9 the Victorian government placed a ban on public real estate auctions as part of social distancing measures to slow the spread of COVID-19. The number of auctions withdrawn in the immediate weeks following the ban are likely to be higher than normal”.
Canberra listed 34 auctions, reported 29 with 24 sold, 4 withdrawn and 5 passed in to give a Domain clearance of 73%.
Brisbane listed 58 auctions, reported 31 with 17 sold, 9 withdrawn and 14 passed in give a Domain clearance of 43%.
Adelaide listed 27 auctions, reported 15 with 11 sold, 6 withdrawn and 4 passed in to give a Domain clearance of 52%.
