This Month
‘A market in balance’: clearance rate holds steady 70.8 per cent
Auction clearance rates are lingering around 70 per cent in a sign buyers and sellers are aligning following months of vendor dominance.
- Bonnie Campbell
Melbourne home sells for nearly $1m more than asking price
Sydney’s auction success rate increased by 2.6 per cent as home buyers compete for a scarce number of properties.
- Campbell Kwan
Buyers beat reserves as spring selling picks up speed
Despite a bounce in auctions, buyer demand has held up. Bidders are beating reserves and prices are rising.
- Nick Lenaghan and Michael Bleby
‘The worst is behind us’: buyers step up amid finals fever
The auction clearance rate eased only moderately despite the distractions of AFL and NRL grand finals in the two biggest markets.
- Nick Lenaghan
September
Rising volumes to cool growth despite $640k premium for Sydney house
The number of spring auctions is set to rise as preliminary clearance rates hold firm above 70 per cent, in a sign price growth could cool before the year’s end.
- Bonnie Campbell
Spring auction start yields stronger-than-expected demand
For an empty Northbridge block, bidding stalled at $5.75 million before it eventually sold for $7.7 million.
- Campbell Kwan
August
‘Cashed-up’ Toorak buyers can’t find anything despite jump in auctions
Auction data shows preliminary clearance rates held above 70 per cent despite a big jump up in offerings. At the top end, a lack of listings is frustrating buyers.
- Larry Schlesinger
‘Buying and selling fast’: Biggest auction weekend since April
Around 2400 houses are expected to go under the hammer in lead-up to spring sales.
- Duncan Hughes
Wear sunnies, avoid round numbers: how to win at property auctions
Attempting to buy a home under the hammer can be a disheartening and intimidating process. Here are some tips that can help tilt proceedings in your favour.
- Lucy Dean
Sydney clearance rate dips to five-month low as market softens
Sydney’s auction clearance rate has dipped below 70 per cent as wary buyers hold fire, in a sign of a softening market.
- Bonnie Campbell
July
Buyers step up as home auctions get busier
The number of dwellings listed for auction has ticked up steadily through July, and jumped another 13.1 per cent in the past week. But so far, buyers’ appetite is keeping up.
- Nick Lenaghan and Michael Bleby
‘Rent often can’t cover the mortgage’: Investors go to auction
Leading real estate firm Ray White recorded a doubling in investor auction sales over the past week in Sydney as higher interest rates drive sell-offs.
- Larry Schlesinger
Pacific Equity Partners’ gun SAF team seek exclusivity on $1b deal
The buyout firm has been in and around Serenitas for months, but is back on the hook and moving towards exclusivity.
- Sarah Thompson, Kanika Sood and Emma Rapaport
‘Aggressive’ home buyers battle as supply shrinks
As buyers scramble over a shrinking pool of stock, homes in Sydney and Brisbane suburbs are setting records and breaking reserves despite fears of further rate rises.
- Nick Lenaghan
June
Clearance rates strong as first home buyers rush to avoid stamp duty
Auction clearance rates hit a three-week high of 73.8 per cent, boosted by NSW first home buyers keen to avoid stamp duty before the close of the financial year
- Bonnie Campbell
Investors pile into childcare, fast food, medical assets on low yields
Twelve rate rises have failed to dampen the investment appetite among mum-and-dad investors for well-leased commercial property, a series of auctions showed.
- Larry Schlesinger
‘Strong and deep’: Home buyers ignore rate rises
The national auction clearance rate held above 70 per cent for the seventh week as buyers appeared to take the latest interest rate rise in their stride.
- Larry Schlesinger
May
All that glitters: Martin & Stein’s fine jewellery collection for sale
It’s the end of an era for the Sydney jeweller, which closed last year. Here’s your chance to bid for exquisite art deco and retro gems at Leonard Joel.
- Glynis Traill-Nash
‘Very early on in this recovery’: Demand outstripping supply
Home buyers – including first home buyers and investors – are racing to lock in deals before the traditional winter slowdown, pushing properties to sell above reserves.
- Nick Lenaghan
$5.1m Melbourne semi gets $2m premium as auctions heat up
A Melbourne semi that sold for $2 million over its $3.1 million guide was one of 1673 properties auctioned last week, helping push the clearance rate to 74.4 per cent.
- Updated
- Bonnie Campbell
