Auction Results 02 Mar 2019

Domain released their preliminary results for today.

Similar trends with last weeks final results giving a national clearance of 47.6%. Preliminary clearance is 54%, with Sydney sitting at 64.5% and Melbourne at 52.7%, with 1,699 listed (compared with 2,409 last year) and 1,072 reported (2,409 last year). So lower volumes are clearance counts. We will see where the final results settle.

I discussed the true state of play with property insider Edwin Almeida this week and we discussed how the auction data is collected, and whether it can be relied upon.

Brisbane listed 78 auctions, reported 35 and sold 11 with 9 withdrawn giving a Domain clearance of 25%.

Adelaide listed 64 auctions, reported 34 and sold 17 with 12 withdrawn giving a Domain clearance of 37%.

Canberra listed 86 auctions, 66 reported and 27 sold with 6 withdrawn giving a Domain clearance of 38%.

Auction Results 23 Feb 2019

Domain released their preliminary results for today.

The clearance rates are a little higher than before Christmas, but on very low volumes, and both volumes and clearance rates are way down from a year ago. Little to suggest a real bounce.

The final results from last week came in at 51.1% nationally, with Melbourne below Sydney, which is consistent with what we are seeing in the Melbourne market, which is easing back at a faster rate.

Brisbane listed 101 auctions, reported 47 and 10 were withdrawn. 21 were sold giving a Domain clearance rate of 37%.

Adelaide listed 60 and reported 32. 23 were sold and 2 withdrawn, giving a clearance rate of 68% on the Domain basis.

Canberra listed 80 and reported 53 with 29 sold and 3 withdrawn. This gives a Domain clearance of 52%.

Auction Results 16 Feb 2019

Domain released their preliminary auction results for today.

Weakness in the market remains, with the final clearance rates last week at 48.1%, [Preliminary 52.8%] compared with 62.2% a year ago, and the final volume was 341 sold [Preliminary 292 sold] compared with 857 a year earlier. Funny how the market is fixed on the percentage clearance rather than the actual count!

Results this week saw the preliminary results based on 470 results so far, compared with 292 last week.

Canberra reported 44 listed, 35 reported and 18 sold, with 4 withdrawn, giving a Domain clearance of 46%.

Adelaide listed 60, reported 39 and sold 31 with 6 withdrawn, giving a Domain clearance of 69%.

Brisbane listed 54, reported 27 and sold 11 with 2 withdrawn, giving a Domain clearance of 38%.

We also note that more properties are reported without a declared price and the data INCLUDES properties sold prior to auction. Final clearance results will likely be lower.

New Year; Same Old Auction Results

Now the new year has kicked off, we are getting the preliminary auction results from Domain.

It seems that despite the hype (all those “willing buyers” the agents keep talking about), the volume and rate of auction clearances appear to be tracking the weakness late last year.

Once again, their 40% floor means the the final results both nationally and in Melbourne are not showing. National result was 36.0% last week, compared with 63% last year!

They report that in Brisbane 64 auctions were listed, 30 reported and 10 sold, with 17 withdrawn making a Domain clearance rate of 21%.

In Adelaide, 56 were listed for auction, 25 were reported and 15 sold, with 4 withdrawn, giving a Domain clearance rate of 52%.

In Canberra, 39 were listed for auction, 30 reported and 16 sold, with 1 withdrawn, giving a Domain clearance rate of 52%.

Final results will settle in a few days, as normal.

Auction Results 15 Dec 2018

Domain have released their preliminary clearance results today. The market continues to slow.

Last week’s final results were finalised at well below 40%. So low as to be off their chart (again!) at 38.5%. And of course volumes are also down.

Adelaide listed 79 auctions, reported 41 and sold 25, with 9 withdrawn giving a preliminary Domain clearance of 50%.

Canberra listed 73 auction, reported 60 and sold 28, with 5 withdrawn giving a preliminary Domain clearance of 43%

Brisbane listed 102 auctions, reported 49 and sold 18, with 6 withdrawn giving a preliminary Domain clearance of 33%.


Auction Results 08 Dec 2018

Domain released their preliminary auction results today, and the weak results continue.

The results from last week were lower again at 37%, with Sydney sitting at 35.8%. And of course the volumes are way lower than a year ago. The preliminary results will of course drift lower as the final results for this week come in.

In terms of the smaller markets, Brisbane listed 120, reported 59 and sold 20 with 12 withdrawn, giving a Domain clearance of 28%.

Adelaide listed 98, reported 40 and sold 22, with 9 withdrawn, giving a Domain clearance of 45%

Canberra listed 66 auctions, reported 52 and sold 27, with 5 withdrawn, giving a clearance of 47%.

Auction Results 01 Dec 2018

Domain has released their preliminary results for today.

The trends seem to be tracking in the same direction with a national clearance rate last week of 39.6% and a preliminary result of 43.1%, which is destined to go lower are more come in. And the auction count is way, way down

Full results from the smaller markets were not available when I tried to access Domain!  Adelaide cleared 37%, Canberra 39% and Brisbane 35%.

Auction Results 24 Nov 2018

The data from Domain released today shows the preliminary auction clearance results remains stuck in neutral.

Last weeks final results came it at 40.3% with Melbourne at 39%, below Sydney’s 40.4%.

This week so far, Melbourne again looks weaker than Sydney and is likely to fall further as more data comes in. Again we see a significant number of withdrawn properties.

Brisbane reported a provisional clearance rate of 40%, Canberra 46% and Adelaide 62%, all on low volumes.  The fuller schedules from Domain are not available at this time.

Auction Results 17 Nov 2018

Domain has released their preliminary results for today.  More evidence of a slowing.  Last week the result was 39.2%, (off the scale on the Domain chart!).

Preliminary results show similar weakness, and will likely settle lower ahead.  This signals lower home prices ahead.

Brisbane listed 102, reported 48 and sold 29 with 3 withdrawn giving a Domain clearance of 57%.

Adelaide listed 80, reported 49 and sold 35 with 5 withdrawn, giving a Domain clearance of 65%.

Canberra listed 96, reported 80 and sold 37 with 5 withdrawn, giving a Domain clearance of 44%.

Auction Results 10 Nov 2018

Domain has released their  preliminary auction results for today. The final results from last week came in at 38% nationally, and the early results from today also look weak. Significantly lower than this time last year, and they are likely to settle lower again.

Their graph cuts off at 40% so lower than that do not show.

Brisbane listed 111, reported 54 and sold 22 with 7 withdrawn, giving a Domain clearance rate of 36%.

Adelaide listed 72, reported 32 and sold 21 with 6 withdrawn, giving a Domain clearance rate of 55%.

Canberra listed 89, reported 72 and sold 32 with 7 withdrawn giving a Domain clearance of 41%.