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When SQM Research released its auction data for the week of the 19th of July, it held one of the weakest results since its records began.
In Sydney, the market produced the weakest result of this cycle (excluding public holiday-impacted results and the Christmas market hibernation period), with a clearance rate of just 29.4%, a stark contrast to the 53.6% recorded on the same weekend last year.
This marks the worst result for the Sydney market since the 19th of April 2020, near the absolute height of the pandemic.
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About the author
Tarric is an Australian freelance journalist and independent analyst who covers economics, finance, and geopolitics. Tarric is the author of the Avid Commentator Report. His works have appeared in The Washington DC Examiner, The Spectator, The Sydney Morning Herald, News.com.au, among other places.
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