Sentiment in the property market shows no sign of change at the moment with a clearance rate of 54% being recorded from today’s 704 auctions, a rate of sale in keeping with last weekend. In total there were 704 auctions today, of which 381 sold and 323 were passed in, 231 of those on a vendors bid.
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From the category archives:
Auction Results
Auction Results Saturday 15 November 2008
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Property Market Snapshot
For a suburb by suburb breakdown of the latest weekend auction results,
download your copy from homepriceguide.com.au
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Auction Results
Saturday 8th November 2008
The auction market today showed clear signs of an ongoing impact from the cooler conditions in the overall economy with a clearance rate of 54 per cent being recorded. There were 541 auctions held today of which 292 were sold and 249 passed in, 192 of which were passed in on a vendors bid.
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Saturday Auction Results 1 November 2008
National Market Snapshot
Week ending: Saturday, 1 November 2008
Total auctions : 347
Sold : 177
Withdrawn : 39
Clearance rate* : 46%
Total Sales : $ 115,240,890
Median : $ 619,000
*Adjusted clearance rates includes properties withdrawn prior to auction.
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Weekly Auction Results
With fewer auctions than usual today due to the spring carnival the clearance rate increased to 64%. There were 169 auctions today with 109 being sold and 60 passed in. There are around 640 auctions next weekend which will provide a more accurate barometer of the state of the market.
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Weekly Auction Results
Saturday 25 October 2008
Faced with the most difficult external economic climate we have witnessed for many years and a large increase in stock, demand at auctions today dropped resulting in a clearnce rate of 53 per cent.
There were 843 auctions held today with 449 being sold and 394 passed in, 289 of which were passed in on a vendors bid.
Next weekend there are only 151 auctions due to the racing.
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National Market Snapshot
Week ending: Saturday, 25 October 2008
Total auctions : 528
Sold : 256
Withdrawn : 26
Clearance rate* : 46%
Total Sales : $ 122,435,350
Median : $ 537,250
*Adjusted clearance rates includes properties withdrawn prior to auction.
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Weekly Auction Results
“Despite the reductions in interest rates uncertainty created by the events in the world financial markets over the last month has resulted in a drop in confidence in the local property market with the clearance rate at today’s auctions falling to 57per cent from 63 per cent last weekend.
There were 550 auctions today with 312 selling and 238 being passed in, 176 passed in on vendors bid.
The REIV expects to see around 1050 auctions next weekend.
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National Market Snapshot Week ending: Saturday, 18 October 2008
| Total auctions | : 473 |
| Sold | : 283 |
| Withdrawn | : 30 |
| Clearance rate* | : 56% |
| Total Sales | : $ 146,877,280 |
| Median | : $ 505,994 |
*Adjusted clearance rates includes properties withdrawn prior to auction.
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Auctions fall despite grant boost
“The Reserve Bank’s recent moves in decreasing interest rates had an immediate impact and our property markets over the last three months have been correcting more slowly,” the report said, noting the low point for the Australian market came in May and June. www.theage.com.au
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