Domain have released their preliminary results for today, provided by APM.
Still lower than last year, using their standard method of calculation:
Brisbane cleared 49% of 137 scheduled auctions. Adelaide cleared 65% of 106 scheduled and Canberra 74% of 81 scheduled auctions.
Last week settled gain significantly lower, so expect the same again. And consider the gap between the number listed 3,143 and the number “reported auctions” 2,160.
You could easily argue the true picture is 1,484 (number sold) / 3,143 (number listed) giving a preliminary result of 47% clearance. Would that give a truer picture?
Either way you look at it, rates are down.
