Domain’s Sydney auction clearance rates are rubbish

October 23rd, 2017

Domain and its selling agents have exceeded themselves to record yesterday’s so called and apparently buoyant 70% auction clearance rate.

To do it, they simply didn’t report nearly 45% of all results.

As far as we know, this is not just an all time non reporting record, it’s one that smashes through past restraints.

Property buyers should ignore these rubbish results.

Proof that they are rubbish is the tough day reported by Cooley Auctions to turn in a 58% clearance rate yesterday and the freestanding inner west house we bought at auction for 5% less than would have been needed four months ago. Had it not been a prime offering, the difference would have been 10+%.