Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Auctions slide at Christmas

Staff Reporter 3 minute read

Staff Reporter

Home buyers are not feeling the Christmas spirit, with auction clearance rates sliding yet again.

According to Australian Property Monitors, just 48 per cent of properties cleared in Sydney this weekend, down from the 61 per cent achieved this time last year.

It is the second weekend in a row that the auction clearance rate in Sydney has dropped below 50 per cent.

Advertisement
Advertisement

The story was much the same in Australia’s other capital cities with Adelaide clearing just 28 per cent of properties over the weekend.

In Brisbane just 6.3 per cent of properties cleared – well down from the 33.3 per cent achieved this time last year.

Of the 86 properties listed for auction in Brisbane just one managed to sell under the hammer, according to the preliminary APM data.

Auctions slide at Christmas
default
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

PROMOTED CONTENT


default

 

more from the adviser
handshake news Ex-broker head to lead MyState banking

A former broker head has returned to MyState Bank to tackle turna...

BBS 2021 ta SA/NT’s top brokers crowned

The leading brokers in South Australia and the Northern Territory...

Paul Kearney ta AFCA recruits from ME Bank

The complaints authority has named a new executive general manage...