National Auction Results June 2020

Auction results generally give us an idea of whether the property market is strong or weak. It’s good to see that the auction clearance rates are doing well now that bans on auctions and inspections have been lifted. There’s definite interest from buyers.

The following auction results around Australia were initially reported by Domain on 27th of June and updated on the 29th.

Sydney 65%

Melbourne 60%

Adelaide 72%

Brisbane 52%

Canberra 89%

As 36 suburbs in 10 postcodes in Melbourne go back into lockdown due to the recent uptick in cases, I’d expect some impact on Melbourne results for July.