Domain Auction Preview – September 25, 2021
Auction volumes drop in all cities this coming Saturday, apart from Canberra and Sydney.
The latest property insights from the Domain Research House
Auction volumes lift with 1162 scheduled auctions across Sydney, Melbourne, Brisbane, Adelaide and Canberra this Saturday. Increasing across all cities, as confidence builds on the back of higher vaccination rates.
There are 1,016 scheduled auctions across Sydney, Melbourne, Brisbane, Adelaide and Canberra this Saturday, down 16 per cent over the week. Sydney is the only city that has seen growth in auctions this Saturday.
Hesitant Melbourne sellers withdraw from auction, vastly higher than the other lockdown cities Sydney and Canberra, suggesting the ban on private inspections in Melbourne is pausing selling decisions.
There are 1,234 scheduled auctions across Sydney, Melbourne, Brisbane, Adelaide and Canberra this Saturday. Overall volumes are down 39 per cent this week. The lockdowns in Melbourne and Canberra appear to be impacting auction volumes significantly, falling 61 per cent and 30 per cent, respectively.
Nationally, rental vacancy rates held steady at 1.6 per cent in August for the third consecutive month. Tenants are still operating in a landlords' market across all capitals, apart from Sydney and Melbourne.
There are 2025 scheduled auctions across Sydney, Melbourne, Brisbane, Adelaide and Canberra this Saturday. While auctions are higher over the past week, there's likely to be a number of Melbourne auctions postponed or withdrawn.
Buyer demand reached an historic high across all cities in March 2021, while demand has fallen it is currently 19 per cent above previous three years’ winter average showing unseasonably high demand remains.
Across the country, 95 per cent of the Australian suburbs analysed experienced an annual increase in house price, while 33 per cent of those suburbs saw the median house price increase more than the annual household income.
There are 1792 scheduled auctions across Sydney, Melbourne, Brisbane, Adelaide and Canberra this Saturday. Overall volumes are up 9 per cent this week, following two consecutive weeks of lower numbers. Melbourne and Canberra have driven overall numbers higher this week, as the two cities' auction lis...
There are 1,731 scheduled auctions across Sydney, Melbourne, Brisbane, Adelaide and Canberra this Saturday. Restrictive lockdowns continue to drive the reduction in numbers, as the onsite auction bans in Sydney, Brisbane and Melbourne weigh in on Saturday auction plans for many vendors.