Once again, the team at Apollo are proud to bring you the data that matters - our 2015 Annual Auction Report.
What a Year! 2015 is now in the rear vision mirror and the 2016 diaries out in force. And as always, speculation has turned to what to expect from the property market in the new year. With the current market situation, it’s anyones guess. The expert opinions are wide ranging - from overdue booms, to potentially revisiting the tougher marketplace we experienced the previous years.
What we know for sure, is that 2015 still proved to be a multi-speed market, with strong growth experienced in some areas, whilst others continued to be a tough battle. The overall clearance was a slight dip on 2014 with the regional markets in particular experiencing a significant drop.
The usual suspects of the inner city ring of the CBD and beachside Gold Coast house proved to be the popular picks. Surprisingly, the Northern NSW region recorded the highest clearance of any region across the year. North Queensland again proved to be a tough market along with the inland of the Gold Coast.
In a positive sign for the market and consumer confidence, forced sales were down significantly on 2014, coming down from a peak in 2012. A larger number of investment properties were put to market than last year whilst the average marketing budget across all properties increased.
Sunday proved to be the strongest day for attendance and clearance rate with the traditional favourite Saturday seemingly affected by overcrowding of auctions and open homes.
A huge thank you must go to our partner offices and agents who make this data possible. The Apollo team is looking forward to a cracking 2016!