Auction Markets Still Strong Nationwide
The national clearance rate increased at the weekend.
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Capital city auction markets reported more strong results at the weekend with little signs of easing.
A total of 1943 auctions were reported listed nationally at the weekend, August 21, higher than the previous weekend’s 1872 and significantly higher than the 684 auctions over the same weekend last year.
The national clearance rate also increased at the weekend – up to 80.7% compared to the previous Saturday’s 78.2%.
Sydney provided a strong clearance rate of 86.3% albeit from a relatively scarce selection of just 412 homes offered for sale on Saturday – down on the previous weekend’s 472 auctions.
Fewer auction withdrawals however continue to support higher clearance rates with the withdrawal rate falling to 12% on Saturday – less than the previous two weekends of 13.1% and 14.6%.
Sydney recorded a median price of $1,878,000 for houses sold at auction, well above the $1,626,250 reported over the previous Saturday and 40.4% higher than the 1,337,500 recorded for the corresponding weekend last year.
Melbourne’s auction market held the line on Saturday despite increasing lockdown restrictions.
The Victorian capital recorded a clearance rate of 64.9% – just below the previous weekend’s 66%.
The poor results were a reflection of shutdown-related withdrawals – rising from the previous weekend’s 41.5% to a remarkable 52.6%.
Listing numbers were higher at the weekend, up from the previous weekend’s 1138 to 1273.
The median price for a house sold at auction in Melbourne at the weekend was $1,018,000 – lower than the $1,085,000 recorded over the previous weekend.
Data powered by Dr Andrew Wilson, My Housing Market.
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There’s no shortage of design inspiration online but nothing beats the joy of spending an afternoon immersing yourself in a good interior design book. Edited, carefully curated and, above all, designed, these titles take you behind the scenes of some of the world’s most beautiful interiors in a considered way. Think of it like the difference between listening to a few tunes on Spotify versus releasing a thoughtfully crafted studio album. We’ve assembled our top six of interior design books on the market right now for your viewing and reading pleasure.
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