SQM Research managing director, Louis Christopher, has released research on Australia’s auction market which shows a large number of properties are failing to sell and stock levels are rising:
SQM Research has been monitoring all scheduled auctions as per the tables below, and it is clear that those properties that have been re-advertised as a private treaty, have largely not sold. If there were plenty of buyers in the market, more of these properties would have sold by now.
But they haven’t. The properties are just sitting there.