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Clearance rates once again gain momentum

Capital city clearance rates are picking up despite a slight dip in auction volumes, with all cities recording rates above 70 per cent in the week ending 3 April 2022. ....

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Auctions stack up in 2nd-busiest week for 2022

Despite dropping clearance rates, auction activity continues to climb this year. ....

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Boom-time auction results revealed: Melbourne defies lockdown, Sydney breaks records

Boom-time auction results revealed: Melbourne defies lockdown, Sydney breaks records
By Bianca Dabu
15 February 2021
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1 minute read
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Despite being in the midst of a public auction ban as a result of the latest statewide lockdown, Melbourne’s property market maintained its growth momentum, with the city posting strong auction results. Sydney, on the other hand, broke records.
Melbourne recorded a preliminary clearance rate of 87.8 per cent last week, despite the lockdown threatening to derail the booming market through physical restriction on inspecting and transacting property.
According to the latest CoreLogic Property Market Indicator Summary, 668 homes hit the hammer in Melbourne last week, with 47.6 per cent of the city’s successful auctions sold prior, while so far, just 8 per cent have been reported as withdrawn. ....

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Newly reported sales soar 33.6% across Australia

Newly reported sales soar 33.6% across Australia
By Reporter
11 February 2021
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1 minute read
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Newly reported sales across the nation are now 33.6 per cent higher than recorded over the same period in 2020, according to new data.
Home sales are surging and are predicted to grow, according to Dr Andrew Wilson, the chief economist at Archistar.
“Home buying activity has surged over the past week with the clear prospect of strong market conditions continuing into the autumn selling season – and beyond,” said Dr Wilson.
The latest data from My Housing Market revealed that the number of national newly reported homes sales over the week ending 7 February surged by 17.2 per cent compared with the previous week’s total. ....

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