Auction Intelligence Report to 13th June 26

Buyer’s Agent Read

The Inner West appears to be holding up better than Sydney overall, with a 58.0% auction clearance rate vs. Sydney's 51.0%. This includes properties sold prior to auction. There were 36 sold prior and 29 sold under the hammer, which tells me vendors and agents aren't collecting enough competition to risk running properties to auction day. That's a rate of 32.1% sold prior to auction and 25.9% sold at auction.

However, it's still a tough market to sell in. The withdrawn/postponed load is heavy, especially in Newtown, Leichhardt, Ashfield, Camperdown and St Peters. A-grade property in tightly held pockets continues to sell, but weaker stock is being pulled, delayed, or failing to meet reserve.

Newtown is the soft spot this week with 13 properties listed, only 3 sold, and 9 either withdrawn or postponed. When two-thirds of a suburb's campaigns don't make it to a result, vendors and buyers a long way apart on price. The withdrawn properties also skewed to bigger houses e.g. eleven 4-bedroom houses were pulled before auction across the Inner West.

The stats

Of the reported auctions (Domain's denominator):

• 112 auctions reported
• 58.0% clearance rate across Inner West suburbs
• 25.9% sold at auction
• 32.1% sold prior
• 14.3% passed in
• 26.8% withdrawn
• 0.9% sold after