Home auction markets reported generally solid to strong results for most sellers at the weekend upon resumption of full activity following the previous weekend’s Queens Birthday Holiday break. Sydney and Melbourne continue to record their highest local clearance rates for over a year with Sydney auction clearance rates remarkably surging beyond 70 percent for the…
Articles by Dr. Andrew Wilson
Dr Andrew Wilson, of www.MyHousingMarket.com.au is Australia’s leading property economist.
When will our property markets turn? That’s one of the many topics we discuss in this month’s PROPERTY INSIDERS market update. By now you’d know that the RBA has predictably cut rates to a new record low of 1.25% following a confounding record period of nearly 3 years on hold. APRA, the financial regulator, has…
Auction clearance rates generally fell away at the weekend following the relatively robust results recorded over the previous two weekends. Low auction numbers contributed to weaker clearance rates with both buyers and sellers distracted by the Queens Birthday long weekend holiday. Following this year’s trend, listings were again well below the numbers auctioned over the…
Home auction market buyer activity surged again on Saturday following last weekend’s post-election bounce, with another increase in clearance rates but a sharp decline in listings. Auction listings at the weekend were back to the relatively low levels recorded for most of the year so far with still-wary sellers continuing to avoid the market and…
Our home auction market activity rebounded strongly at the weekend following the end of the lengthy federal election campaign and the re-election of the Morrison government. The significant changes to property taxes as proposed by the Labor Party are clearly off the table which will aid in reviving recently subdued buyer and seller confidence. The…
Election day predictably acted to further subdue already quiet auction markets and although clearance rates were relatively solid overall, intransigently low listing numbers continue to impact all capitals. With the quieter winter selling season now approaching fast, hopes for a consolidated market revival – particularly from sellers, rest optimistically on a spring bounce – but…
Auction clearance rates in the Sydney and Melbourne markets continue to maintain the solid levels recorded over most of autumn so far with buyers still reasonably active in both markets. Sellers however clearly remain wary of the market with auction numbers still well down despite the end of Aprils lengthy holiday period. Sydney auctions are…
With the lengthy April holiday period now finally a thing of the past, the now fully-focussed home auction markets commenced the new month with the Sydney and Melbourne property markets each recording robust results despite a predictable lift in listings. Auction numbers will rise over the coming weekends leading up to the Queens Birthday holiday…
Home auction activity resumed this weekend after last weekends pause in activity due to the Easter holiday break. Numbers however remain subdued as holiday distractions continue to dampen seller participation in most markets Auction clearance rates in most capitals remained reasonably solid overall despite buyers also predictably side-tracked by ongoing holidays. Clearance rate levels however…
A sharp rebound in auction numbers today predictably placed downward pressure on clearance rates with buyers provided with generally their best choice in listings for weeks. Despite the second biggest auction Saturday this year following the previous weekends state election distractions, Sydney produced another sturdy result for sellers with a clearance rate yet again above…
