Footy Finals Don’t Stop Auction Results
The long weekend has come and gone, taking with it the football season with both the AFL and NRL finals being played out over two consecutive days. Footy fans were out in force, cheering relentlessly for their favourite teams and hoping that they can secure the illusive and prestigious victory. On the day, the Tigers claimed their spot in history while the Cowboys couldn’t overcome that underdog title being defeated by Melbourne Storm. In the real estate world however, the show must go on.
While the 953 auctions nationally showed significantly fewer numbers than recent trends, the clearance rates held strong. The preliminary results for the footy final long weekend showed a 69.4% clearance rate which is an increase on the 66.2% from the week prior.
Melbourne performed well with almost 90% clearance rate, but given the volume slump to just 85 auctions this is no ground breaker. Sydney, likely the most impressive, with a total of 447 auctions and a clearance rate just under 70%, showing that the Sydneysiders can either multitask or were not too phased by the double header weekend, focussing on buying and selling instead.
All stats aside, auctions are progressing strongly throughout spring and are tipped to continue generating healthy clearance rates right into summer. Certainly, auction remains the best way to achieve a premium price in any market, getting buyers to compete head to head for the illusive victory.
Congrats to all the winners over the weekend, whether it be AFL or NRL fans, buyers, sellers or agents!