Weekend Auction Markets Experience Listing Surge
independent title
Kanebridge News
in commercial partnership with
Wall Street
Barrons
Mansion Global
Penta
Global insights from
  • Wall Street
  • Mansion Global
  • Barrons
">
    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,451,814 (-0.59%)       Melbourne $954,733 (+0.50%)       Brisbane $706,830 (+2.69%)       Adelaide $649,510 (+1.37%)       Perth $582,081 (-0.52%)       Hobart $699,668 (-0.28%)       Darwin $636,930 (-0.88%)       Canberra $898,901 (-0.88%)       National $909,177 (-0.19%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $590,626 (-0.46%)       Melbourne $473,145 (-0.48%)       Brisbane $369,879 (-1.08%)       Adelaide $305,477 (+1.52%)       Perth $333,363 (-0.31%)       Hobart $487,440 (-6.89%)       Darwin $366,924 (-0.98%)       Canberra $397,038 (-7.49%)       National $434,380 (-2.60%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 9,125 (-508)       Melbourne 13,913 (-654)       Brisbane 8,220 (-594)       Adelaide 3,339 (+26)       Perth 11,136 (-136)       Hobart 437 (-7)       Darwin 240 (-6)       Canberra 672 (-20)       National 47,082 (-1,899)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 8,152 (-181)       Melbourne 8,696 (-136)       Brisbane 2,636 (-108)       Adelaide 847 (-27)       Perth 2,634 (+11)       Hobart 83 (-7)       Darwin 369 (-3)       Canberra 480 (+14)       National 23,897 (-437)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $580 (+$10)       Melbourne $440 ($0)       Brisbane $480 (+$5)       Adelaide $450 ($0)       Perth $470 (+$20)       Hobart $540 (-$10)       Darwin $630 (-$10)       Canberra $675 (-$5)       National $546 ($0)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $480 ($0)       Melbourne $360 (-$5)       Brisbane $440 ($0)       Adelaide $360 ($0)       Perth $410 (+$10)       Hobart $420 (+$30)       Darwin $500 (+$5)       Canberra $550 (+$3)       National $449 (+$4)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 6,520 (+340)       Melbourne 9,842 (+219)       Brisbane 4,108 (+67)       Adelaide 1,114 (+31)       Perth 1,987 (+27)       Hobart 190 (+17)       Darwin 116 (+9)       Canberra 402 (+37)       National 24,279 (+747)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 17,331 (+299)       Melbourne 15,809 (-365)       Brisbane 3,104 (-53)       Adelaide 577 (-23)       Perth 988 (-28)       Hobart 77 (+5)       Darwin 273 (+14)       Canberra 495 (-21)       National 38,654 (-172)                HOUSE ANNUAL GROSS YIELDS AND TREND       Sydney 2.08% (↑)        Melbourne 2.40% (↓)       Brisbane 3.53% (↓)       Adelaide 3.60% (↓)     Perth 4.20% (↑)        Hobart 4.01% (↓)       Darwin 5.14% (↓)     Canberra 3.90% (↑)      National 3.12% (↑)             UNIT ANNUAL GROSS YIELDS AND TREND       Sydney 4.23% (↑)        Melbourne 3.96% (↓)     Brisbane 6.19% (↑)        Adelaide 6.13% (↓)     Perth 6.40% (↑)      Hobart 4.48% (↑)      Darwin 7.09% (↑)      Canberra 7.20% (↑)      National 5.37% (↑)             HOUSE RENTAL VACANCY RATES AND TREND       Sydney 1.7% (↑)      Melbourne 2.4% (↑)      Brisbane 1.0% (↑)      Adelaide 0.7% (↑)      Perth 1.0% (↑)      Hobart 0.9% (↑)      Darwin 0.9% (↑)      Canberra 0.7% (↑)      National 1.5% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 3.7% (↑)      Melbourne 4.9% (↑)      Brisbane 2.0% (↑)      Adelaide 1.3% (↑)      Perth 1.4% (↑)      Hobart 1.7% (↑)      Darwin 1.0% (↑)      Canberra 1.5% (↑)      National 3.4% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND       Sydney 25.0 (↑)      Melbourne 26.4 (↑)        Brisbane 31.0 (↓)       Adelaide 24.8 (↓)     Perth 41.2 (↑)        Hobart 20.1 (↓)       Darwin 36.6 (↓)     Canberra 18.7 (↑)      National 28.0 (↑)             AVERAGE DAYS TO SELL UNITS AND TREND       Sydney 26.4 (↑)      Melbourne 28.8 (↑)        Brisbane 35.0 (↓)     Adelaide 30.3 (↑)        Perth 44.6 (↓)     Hobart 21.7 (↑)      Darwin 41.0 (↑)      Canberra 28.5 (↑)      National 32.0 (↑)            
Share Button

Weekend Auction Markets Experience Listing Surge

The national clearance rate fell to its lowest figure since August.

By Kanebridge News
Mon, Nov 15, 2021Grey Clock 2 min

The high and rising volumes of late spring listings have forced the national clearance rate to 78.6% — the lowest result since August – and well below the previous weekend’s 83.8%.

National auction numbers were up to 2572 from the previous weekend’s 2463 and well ahead of the 1413 auctioned over the same weekend last year.

Auction listings have now increased nationally over the past seven weekends as the usually busy spring selling season has been amplified by the loosening of covid restrictions in Sydney, Melbourne and Canberra.

Sydney saw the market steady with a clearance rate of 77.8% at the weekend. The result was similar to the previous weekend’s 76.1% but again lower than the 78.4% recorded over the same weekend last year.

A total of 988 homes were listed for auction on Saturday – similar to the previous weekend’s 994 but again well ahead of the 760 auctioned over the same weekend last year.

Sydney recorded a median price of $1,780,000 for houses sold at auction at the weekend compared to the $1,777,500 reported over the previous Saturday but 22.8% higher than the $1,450,000 recorded over the same weekend last year.

Melbourne fared similarly to Sydney with a clearance rate of 77.7% — up on the previous weekend’s 76.5% and also higher than the 73.8% recorded over the same weekend last year.

The higher clearance rate was reported despite a surge in listings with 1206 homes listed for auction at the weekend – well above the 1095 reported over the previous weekend and significantly higher than the 494 auctioned over the same weekend last year.

Melbourne recorded a median price of $1,080,000 for houses sold at auction at the weekend which was higher than the $1,065,000 recorded over the previous weekend and 13.7% higher than the $950,025 recorded over the same weekend last year.

Data powered by Dr Andrew Wilson, My Housing Market.

MOST POPULAR

Melbourne’s prestige market has had an exceptional year.

An influx of people could calm future volatility.

advertisement
Related Stories
Property
By Kanebridge News 06/12/2021
Property
By Terry Christodoulou 03/12/2021
Property
By Konrad Putzier 01/12/2021
advertisement