Tag #Private Treaty

What is the impact of the shift from public auctions to private treaty sales on the Australian housing market?

In a softening Australian housing market, sellers are increasingly forgoing auctions in favor of private treaty sales to avoid public price assessments. This shift is particularly evident in Sydney and Melbourne, where auction listings are down 9.5% and 4.6%, respectively, compared to the same period last year. The number of properties for sale nationally is up 10.3% year-on-year.