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Sellers Rush to Market

About :

Auction Update airs every Friday at 3:00 pm (Sydney time), LIVE on Facebook, Twitter and YouTube.

  • Sellers in Melbourne move auction dates forward
  • Auctions going ‘online’
  • This weekend will test the market

This week and weekend

Agents around the country are reporting that sellers, in some cities, are moving auction dates forward ahead of an anticipated slowdown in the market. This week there are 2,422 capital city homes set to be auctioned, up from the 2,274 options last week.

Both Melbourne and Sydney are set to see an increase in numbers while across the smaller auction markets volumes are set to be higher in Brisbane, Canberra, and Perth while Adelaide and Tasmania will see fewer homes offered this week.

Last week

Last week, the combined capital cities saw volumes rise and return a final clearance rate of 65.3% which was a decrease on the 68.6% clearance rate the week prior.

Watch for Kevin Brogan’s thoughts about the weekend ahead and the numbers around the country and then join him on Monday as he gives the most comprehensive national roundup of the full week’s activity and a look inside the top sales in 6 capital cities.

Tags :

Auction Update Kevin Brogan Auction seller market coronavirus Melbourne Sydney Canberra Brisbane Adelaide Perth Tasmania

Release Date:

20 March, 2020