February
Two-bedder sells for $255k over reserve as rate cut spurs auction buzz
Agents say more buyers are already coming into the housing market because of the Reserve Bank’s first interest rate reduction in more than four years.
Heritage-listed cottage beats reserve by $350,000 amid rate cut hopes
A former post office that has been transformed into a home sold for $2.85 million as buyers snapped up properties under hopes of an interest rate cut on Tuesday.
Two-bedroom home jumps reserve by more than $1m as auctions pick up
The 2025 residential real estate market has kicked off stronger than expected, particularly in Sydney where buyers were out in numbers.
December 2024
Sydney records lowest clearance rate of 2024 on final auction weekend
Clearance rates have slumped as the Sydney and Melbourne property markets limp across the finish line, while Adelaide, Brisbane and Perth remain strong.
Sydney property slumps as buyers wait for price falls
The preliminary clearance rate for auctions in Sydney fell to 58 per cent – its lowest in a year – as buyers anticipate price falls.
Auction clearance rates hit year low as sellers lose confidence
More than half of the homes offered for auction in Sydney in the past week were withdrawn before the auction date.
November 2024
Sydney home prices sink again as vendors rush to sell before auction
Sellers’ confidence is waning in the Harbour City amid a slowing market and shrinking pool of buyers.
Housing market braces for Trump’s interest rate gyrations
Less than two thirds of homes listed for auction sold in the past week as an already weakening market absorbed the prospects of Donald Trump’s re-election.
House prices under pressure as clearance rate dips to lowest this year
Just 63 per cent of homes sold under the hammer this past week, according to CoreLogic, while Domain recorded an even lower figure of 57 per cent.
October 2024
CBRE chases Burgess Rawson as big auction delivers $66m bonanza
Global real estate giant CBRE is in hot pursuit of portfolio auction specialist Burgess Rawson, which showed its value via a blockbuster auction event.
Sydney house prices set to fall as clearance rates drop
Sliding clearance rates reveal Sydney’s housing market is following Melbourne into negative price territory, while Perth, Adelaide and Brisbane remain strong.
Sydney tipped for worst week of auction results since 2022
Asking prices for Sydney homes are expected to slump after experts tipped the city’s final weekly auction clearances to be at just 40 per cent.
September 2024
Weak auction markets point to falling house prices
Auction clearance rates have fallen to their lowest level this year, suggesting buyers are worried there is little relief in sight from high interest rates.
Buyer’s market appears to have arrived, but it may not last long
A deceased estate in Sydney that sold for $325,000 above reserve has bucked the trend of falling auction clearance rates as homes flood onto the market.
House price growth to soften as spring swings in favour of buyers
A surge in listings, weaker clearance rates and a slowdown in price growth have swung the market back in favour of buyers, new figures show.
Spring selling season starts slowly as vendors take wait-and-see approach
Auction volumes held steady during the first week of spring as vendors bet on strong initial results to help bolster prices.
August 2024
Don’t be tricked by these sneaky auction tactics
From fear of missing out to what’s known as ‘money illusion’, it’s useful to understand the psychology of real estate negotiations.
Auction clearances hold steady ahead of spring flood
As the volume of auctions rises through spring, clearance rates are expected to fall in Sydney and Melbourne, putting pressure on prices.
Deceased estate sells for $7.8m as buyers set to gain spring advantage
Cautious buyers disappointed by delayed rate cuts, cooling migration numbers and incoming spring stock will keep a lid on clearance rates, experts predict.
July 2024
Vendors need to rein in price expectations says Ray White boss
While auction clearance rate are holding up well and standout results on some properties are being achieved,