March Quarter Auction Market Review

Over the 3 months to March 2020, the clearance rate across the combined capital cities came in at 62.5 per cent across 18,902 auctions, down from 70.3 per cent across 26,923 auctions over the previous quarter. However, this was higher than the March quarter last year when 49.9 per cent of 14,647 auctions were successful.

It is clear that the uncertainties around COVID-19, along with tightened restrictions and the banning of onsite and in-room auctions, has seen clearance rates take a hit over…