Tag: Domain

Property In The Record Books For All The Wrong Reasons

We look at the “property experts” view of the markets, which appears to be on the turn.

Domain published an interesting article before Christmas, looking in particular at the Sydney property market, saying its one for the record books. To which I respond, maybe, but for all the wrong reasons.

Sue Williams wrote: Space: the final frontier – or, for those in the Sydney property market over the past year, the financial frontier. For the biggest trend in pandemic-plagued 2021 has turned out to be the demand for more room in, and around, our homes.

“It’s really been the year when we re-imagined the space in our houses and apartments,” says Domain chief of research and economics Nicola Powell.
“We wanted to have areas in our homes where we could work and, spending so much time indoors during lockdowns, we wanted more living space where we weren’t all on top of each other.

“That’s really driven a lot of the price growth of houses over that of apartments. But another big surprise of the year has been the price growth of three-bedroom units. Generally, the greater number of bedrooms, the more prices have risen.”

It’s been a strange year in so many ways. With rock-bottom interest rates continuing, no sooner did escalating property prices smash all previous records than they smashed them again three months later – with unprecedented back-to-back quarters of price rises over eight per cent.
As first-home buyers flooded back into the market in 2020, they were suddenly washed back out again by the pricing tsunami, with investors diving in to take their place.

Many were only able to dip their toes in early in 2021 because of the bank of mum and dad.

Go to the Walk The World Universe at https://walktheworld.com.au/

Auction Results 12th December 2020

The preliminary results from Domain reveals another lower volume week, and they also added that “with everyone on break, the auction market’s going to be a bit quiet. You won’t see auction clearance rates and results between December 20th and February 5th as there may not be enough auctions scheduled to provide a representative figure”.

Canberra listed 79 auctions, reported 72 with 64 sold, 3 withdrawn and 5 passed in to give a Domain clearance of 89%.

Brisbane listed 83 auctions, reported 58 with 38 sold. 3 withdrawn and 17 passed in to give a Domain clearance of 66%.

Adelaide listed 67 auctions, reported 45, with 35 sold, 2 withdrawn and 8 passed in to give a Domain clearance of 78%.

Auction Results 5th December 2020

Domain released their preliminary results for today. Volumes are still tracking below this time last year despite the hype.

Canberra listed 72 auctions, reported 61 with 44 sold, 5 withdrawn and 12 passed in to give a Domain clearance of 72%.

Brisbane listed 61 auctions, reported 35 with 23 sold, 4 withdrawn and 8 passed in to give a Domain clearance of 66%.

Adelaide listed 69 auctions, reported 41 with 29 sold, 7 withdrawn and 5 passed in to give a Domain clearance of 71%.

Auction Results 27 November 2020

Domain released their preliminary results for today. Volumes remain lower than a year ago.

Canberra listed 82 auctions, reported 70 with 2 sold, 2 withdrawn and 16 passed in to give a Domain clearance of 74%.

Brisbane listed 59 auctions, reported 43 with 29 sold, 3 withdrawn and 11 passed in to give a Domain clearance of 67%.

Adelaide listed 83 auctions, reported 47 with 37 sold, 6 withdrawn and 4 passed in to give a Domain clearance of 79%.

Auction Results 21 November 2020

Domain released their preliminary results for today. Volumes remain well below this time last year.

Canberra listed 72 auctions, reported 64, with 47 sold, 5 withdrawn and 12 passed in to give a Domain clearance of 73%.

Brisbane listed 73 auctions, reported 47 with 32 sold, 6 withdrawn and 9 passed in to give a Domain clearance of 68.

Adelaide listed 67 auctions, reported 36 with 19 sold, 17 withdrawn to give a Domain clearance of 53%.

Auction Results 14 November 2020

Domain reported their preliminary results for today. Volumes are still well down compared with last year.

Canberra listed 72 auctions, reported 67 with 54 sold, 4 withdrawn and 9 passed in giving a Domain clearance of 81%.

Brisbane listed 61 auctions, reported 36 with 17 sold, 7 withdrawn and 12 passed in giving a Domain clearance of 47%.

Adelaide listed 50 auctions, reported 38 with 32 sold, 1 withdrawn and 5 passed in giving a Domain clearance of 84%.

Auction Results 7th November 2020

Domain published their preliminary results for today.

Canberra listed 72 auctions, reported 63 with 50 sold, 4 withdrawn and 9 passed in to give a Domain clearance of 79%.

Brisbane listed 61 auctions, reported 36 with 17 sold, 7 withdrawn and 12 passed in to give a Domain clearance of 47%.

Adelaide listed 50 auctions, reported 31 with 26 sold, 1 withdrawn and 4 passed in to give a Domain clearance of 84%.

Auction Results 31 Oct 2020

Domain released their preliminary results for today. They note 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 65 auctions, reported 60, with 45 sold, 3 withdrawn and 12 passed in to give a Domain clearance of 75%.

Brisbane listed 41 auctions, reported 32, with 18 sold, 6 withdrawn and 8 passed in to give a Domain clearance of 56%.

Adelaide listed 36 auctions, reported 23, with 22 sold, 0 withdrawn and 1 passed in to give a Domain clearance of 96%.

Auction Results 17 Oct 2020

Domain released their preliminary results for today. They note 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 66 auctions, reported 58 with 47 sold, 2 withdrawn and 2 passed in to give a Domain clearance of 81%.

Brisbane listed 67 auctions, reported 35 with 18 sold, 2 withdrawn and 15 passed in to give a Domain clearance of 51%.

Adelaide listed 39 auctions, reported 28 with 22 sold, 1 withdrawn and 5 passed in to give a Domain clearance of 79%.

Auction Results 10th October 2020

Domain published their preliminary results for today. Note 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 66 auctions, reported 58 with 47 sold, 2 withdrawn and 9 passed in to give a Domain clearance of 81%.

Brisbane listed 67 auctions, reported 35 and sold 18 with 2 withdrawn and 15 passed in to give a Domain clearance of 51%.

Adelaide listed 39 auctions, reported 28 with 22 sold, 1 withdrawn and 5 passed in to give a Domain clearance of 79%.