Domain Auction Preview – November 6, 2021
There are 2389 scheduled auctions across the capital cities this Saturday. Brisbane is set for its busiest auction week of the year with 148 scheduled.
The latest property insights from the Domain Research House
National vacancy rates declined to a multi-year low in October.
Nationally, the combined auction volume has grown by 18.4 per cent compared to last week. Taking into account postponed auctions due to lockdowns, this will be the busiest week since May 8.
For the first time more than two months,Melbourne will enter this Saturday with the ability to conduct in-person auctions.
For the first time in months, Sydney and Canberra will enter this Saturday with the ability to conduct in-person auctions.
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.
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.