Domain Auction Preview – October 9, 2021
Last Saturday, all cities returned a clearance rate above 80 per cent. A milestone in itself, this is the first time it has occurred in 2021.
The latest property insights from the Domain Research House
Sydney’s median auction house price has cracked the illustrious barrier of $2 million for the first time.
Shining a light on property trends across the Sunshine State
National vacancy rates hold steady for five consecutive months, the longest period of stability since records began in 2017.
Sellers are reacting positivity to roadmaps out of lockdown and the resumption of private inspections in Melbourne and Canberra.
Auction volumes drop in all cities this coming Saturday, apart from Canberra and Sydney.
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.