Auction results - Sold To Listed
- Sydney 30.1% (27.5% last non-holiday weekend)
- Melbourne 38.9% (38.3%)
A bump for Sydney & Melbourne from the results seen a fortnight ago, but both cities remain near all time record lows for my data set (ex-public holidays, Xmas since 2018).
History suggests we will see a combination of gradually altered vendor expectations pulling prices lower and lower auction volumes eventually boosting headline clearance rates.
If that does not come to pass and stock continues to build on the market, that is when significantly larger and swifter downside scenarios may come into play.
No insight's from SQM this week due to last weekend being a public holiday impacted result, so that will be back with next week's results.
Methodology noted in graphic below.
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