Pete Wargent blogspot

PERSONAL/BUSINESS COACH | PROPERTY BUYER | ANALYST

'Must-read, must-follow, one of the best analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Sunday, 1 September 2019

Auctions action

Hammer time

Auction volumes this week were a little bit lower than a year earlier, though not much.

In Melbourne there were some 769 auctions this week, so the sample size is reasonable.

The preliminary auction results reported via CoreLogic are copied below, including the prior year volumes and results:


Source: CoreLogic

Figures released by Domain showed units in Sydney averaged a clearance rate of 75 per cent for the whole of August, versus 72 per cent for houses.