The preliminary auction results are out from Domain. Sydney cleared 69.5% with 382 sold, compared with 464 last week and 406 last year. Melbourne sold 72.7% with 506 cleared, compared with 641 last week; so nationally, 70.3% cleared with 963 sold, compared with 66.3% last week when 1,197 sold, or last year when 65.2% cleared with 1,085 sold. So still life in the property market yet, with demand looking strong (at a time when some think first time buyers will wait for the 1 July grants and stamp duty relief).
Elsewhere Adelaide cleared 74% of 72 listed, Canberra cleared 70% of 53 listed and Brisbane cleared just 40% of 88 listed.
The preliminary auction results for 17 June 2017 from Domain, show a national clearance rate of 71.3% with 1,041 sold, up from last week which was a long weekend, but lower than this time last year.
Sydney cleared 69.6% with 418 sold, compared with 72.2% with 654 sold this time last year. In Melbourne, 75.3% cleared with 549 sold compared with 69.2% with 654 sold this time last year. So some easing is visible.
Brisbane cleared 44% of 97 listed, Adelaide 80% of 72 listed and Canberra 55% of 53 listed.
The preliminary data from Domain shows that yesterdays auction clearance volumes were down, to 413 nationally compared with 1,303 last week. However clearance rates are still sitting around 70%.
Brisbane cleared 60% of 87 scheduled, Adelaide cleared 68% of 45 scheduled, and Canberra cleared 63% of 31 listed.
Confirming the Domain data we reported on Saturday, CoreLogic says the first week of winter saw auction volumes fall, with 2,545 homes taken to auction, compared to 2,885 the previous week.
The preliminary clearance rate across the combined capital cities was higher (73.9 per cent) compared with last week’s finalised result, which was the third lowest clearance rate so far this year (71.3 per cent). With auction clearance rates typically revising lower as more results flow through, the final clearance rate is likely to be lower than what was recorded last week. At the same time last year, both the combined capital city clearance rate and the number of auctions were lower, with 2,008 auctions held and 68.2 per cent reported as successful. The two largest auction markets, Melbourne and Sydney, saw their preliminary clearance rates rise compared with last weeks finalised results, with Sydney at 77.5 per cent and Melbourne at 75.4 per cent. Across the smaller capital city markets, week-on-week results show mixed results with clearance rates falling in Brisbane and Canberra.
The preliminary results from Domain are out and show continuation of trend with high clearance rates, but on lower volumes.
Sydney cleared 74.3% compared with 70.6% last week, with 445 sold. Melbourne cleared 75.9% compared with 73% last week, with 602 sold, and nationally, 74.2% or 1,139 sold compared with 70.1% 1,423.
Brisbane cleared 50% of 104 scheduled auctions, Adelaide 73% of 74 scheduled and Canberra 73% of 65 scheduled auctions.
The preliminary auction clearance results are in from Domain. Nationally 1,222 properties sold, compared with 1,496 last week. This equates to a clearance rate of 74.8% compared with 72.9% last week, and 66.8% a year ago. So volumes down a little, but bumper sales.
Melbourne led the charge (again) with a 76.6% clearance rate with 679 sold, compared with 792 last week and 700 a year ago. Sydney hit 75.9% with 453 sold compared with 565 last week at 75.9% compared with 72% last week and 65.9 last year.
So whilst volumes may be down a little, there are plenty of buyers still wanting to close a deal!
Brisbane cleared 42% of the 110 scheduled auctions, Adelaide 62% of 69 scheduled, and Canberra 78% of 78 scheduled.