Lower auction levels signal possible slowdown

“Faculty holidays solely simply wrapped up. So we’re anticipating exercise to choose up within the coming weeks,” mentioned Christian Stevens, cofounder and chief govt officer of Sydney-based brokerage Flint Group. “Purchaser demand stays robust, particularly in premium suburbs the place inventory is tight and well-priced properties are nonetheless attracting competitors. That mentioned, if public sale numbers keep low and clearance charges soften over the approaching months, that would point out a broader shift. However for now, this appears extra like a market adjustment quite than a downturn.”