Auction Report: July 2021
Real estate professionals, buyers and sellers have become more accustomed to virtual inspections and auctions.
The latest property insights from the Domain Research House
There are 1980 scheduled auctions across Sydney, Melbourne, Brisbane, Adelaide and Canberra this Saturday. Overall auction volumes are marginally lower on last week's numbers, down 4 per cent.
The national vacancy rate holds at a multi-year low. Low and falling vacancy rates suggests a shift in population back to the cities is underway, or a shift in tenants to areas that have experienced a drop in asking rent, as Sydney and Melbourne CBD vacancy rates continue to drop.
Auction volumes have bounced back this week, up 17 per cent compared to last week. The end of lockdowns in Melbourne and Adelaide will be welcome news to vendors, as many homes shifted to auctions under the hammer this week.
Auction volumes have fallen significantly this Saturday, down 11 per cent compared to last week. The impact of widespread lockdowns, heightened restrictions and escalating community transmission.
There are 2113 scheduled auctions across Sydney, Melbourne, Brisbane, Adelaide and Canberra this Saturday.
Auction volumes nudge marginally higher compared to last week.
Sellers have defied the start of winter, it was the busiest June on record for Sydney, Melbourne, Canberra, Brisbane and Adelaide auction markets.
There are 1795 scheduled auctions across Sydney, Melbourne, Brisbane, Adelaide and Canberra this Saturday. Auction volumes are significantly lower compared to last week, with a 27 per cent drop in scheduled auctions across the major auction markets.
National rental vacancy rates have hit the lowest point since Domain records began in 2017.
Fewer auctions scheduled this weekend across the combined cities of Sydney, Melbourne, Brisbane, Adelaide and Canberrra.