18/10/2026
Has Labor killed the auction campaign?
This week’s numbers say it all.
Domain: 52% clearance rate, 389 auctions reported.
PDOL: 68% clearance rate, 270 auctions reported.
But the real story is how few auctions are being run. This is the lowest spring auction volume I can remember, and it was no accident.
The new reserve price rules have vendors and agents walking away from auctions. The result is more secrecy, more off market deals, and fewer properties for buyers to find.
If there’s no stock to buy, people won’t sell. Then we have a market where nothing happens.
Confidence needs to come back this November.
Thinking of buying or selling this spring? Message me before you make a move.