Tag: Domain

The Domain preliminary auction results are in, and the national clearance rate is sitting at around 66%, compared with 71% last year, on lower volumes. Melbourne of course is down ahead of the Melbourne Cup.

Brisbane cleared 43% of 125 scheduled auctions, Adelaide 63% of 83 scheduled and Canberra 71% of 100 auctions. So momentum is strongest in Canberra and Melbourne, although more property actually changed hands in Sydney. We expect the weakness in the market to continue in the weeks up to the summer break.

We have the preliminary results from Domain, which underscores the gap between the momentum in Sydney and Melbourne. Total listings and clearance rates were significantly higher down south.

In addition, while Brisbane achieved 39% on 135 scheduled auctions, Adelaide, reached 69% of 96 scheduled (at a clearance rate HIGHER than Sydney!) and Canberra cleared 82% of 100 scheduled, the highest in the country. This chimes with our surveys, which shows significant numbers of property investor switching away from Sydney and towards both Canberra and Adelaide, where property is more reasonable, and where tenants are paying, on a net rental basis, higher rates.

So the question is, will Sydney continue to stall, as prices continue to slide, and will the same falling trends begin to spread to the more buoyant states?

We are on a knife edge…!

The preliminary auction clearance results are in from Domain.  Looks like the volume of sales has fallen compared with last week (even though the clearance rate is higher) and last year – all subject to final results later of course. Melbourne is still hotter than Sydney, where our leading indicator research suggests appetite for property is cooling the fastest.

Brisbane achieved 49% clearance on 102 scheduled auctions, Adelaide 70% on 103 scheduled, and Canberra 70% on 49 scheduled auctions.

The preliminary auction results are in from Domain. The trend continues with lower volumes but still strong clearance rates in the main centres, and with Melbourne leading the charge.

Away from the Sydney/Melbourne axis, Brisbane cleared 48% of 121 scheduled auctions, Adelaide achieved a 79% result on 72 scheduled auctions and Canberra 68% of 47 scheduled.

The preliminary auction clearance results are in from Domain. Given it is a long weekend, the number of sales are way down on last week.

Brisbane cleared 47% of 78 scheduled, Adelaide had no sales on 8 listed, and Canberra cleared 73% of the 35 scheduled auctions.

The preliminary auction results from Domain are in, and Melbourne is still leading Sydney significantly. Sales Volume appear lower compared with last week, and this time last year. We will see where the final counts settle later. This confirms our view that momentum continues to ease.

Brisbane cleared 50% of 94 scheduled auctions, Adelaide 78% of 91 auctions, (above even Melbourne), and Canberra 65% of 65 scheduled.

The preliminary auction results are in from Domain.  It looks like a higher listing count and perhaps a higher clearance rate. Further evidence the market is far from dead!

Brisbane though cleared just 47% of 94 scheduled auctions, Adelaide 73% of 56 scheduled auctions (lots of interest from interstate investors) and Canberra 71% of 57 scheduled auctions.

Domain has published their preliminary auction clearance results for 2nd Sept 2017.  Normally the start of spring marks an increase in momentum, but it looks as if weakness in Sydney is starting to show, despite banks cutting their lending rates for some new business. Melbourne continues to look pretty strong, but overall results are likely to be lower than this time last year.

Brisbane cleared 41% of 94 scheduled auctions, Adelaide 61% of 59 scheduled auctions and Canberra achieved 66% of 55 auctions.

The preliminary results from Domain continue to show momentum, with Melbourne still leading the charge, and a national clearance rate above 70%, down a bit on last year on lower volumes.

Brisbane cleared 46% of their scheduled 104 auctions, Adelaide 89% of their 46 scheduled, and Canberra 73% of their 61 scheduled auctions.

Domain has released the preliminary auction clearance results for today. Melbourne looks like it is leading the way at 78.3% clearance, ahead of Sydney. Still seems to be momentum in the main centres.

Brisbane achieved 50% clearance on 100 scheduled auctions, Adelaide 67% on 67 scheduled, and Canberra 74% of 37 scheduled auctions.