Pete Wargent blogspot


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Saturday, 8 February 2020

Auctions begin

Hammer time

Low reporting rates, but auction markets got off and running today, with high preliminary clearance rates for Sydney (80 per cent) and Melbourne (74 per cent).

Source: Shane Oliver, AMP

Still a small sample size of sales given low reporting rates, but sales were at least higher year-on-year in Sydney (+70 per cent) and Melbourne (+40 per cent).

Brisbane's market is off to a solid start in 2020, but more listings and reportedly the busiest January for open homes in a decade.

Lots of strong bidding at Brisbane's auctions today, including a blistering result for a 32-perch knockdown splitter in Kedron, where 28 registered bidders pushed the price just shy of $1.3 million.

And here we are in Windsor (QLD 4030)...