Did Realestate.com.au Remove Auction Result Percentages?

L[Deactivated] on 23/07/2022 - 21:12

Maybe I'm mistaken, but I seem to recall, when visiting realestate.com.au's auction results page, it displayed a graph and the percentage of cleared auctions for each state.

Now it simply displays a count of auction results and private sales - but no percentage and no graph.

This started maybe 4 weeks ago or so. The conspiracy theorist in me suspects this has been done to hide the falling market. They were happy to boast about insanely competitive auction results… but now they're barely scraping 50% they're trying to bury the bad news?

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  • 27
    realestate.com.au used to display percentage cleared auctions
  • 2
    realestate.com.au never used to display percentage cleared auctions
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Comments

  • brendanm on 23/07/2022 - 21:15
    +1

    They send me emails with the auction clearance rate percentage front and centre.

    • twadds on 23/07/2022 - 23:50

      I got an email from them today which had the %, not sure why they removed it from the website.

  • iNeed2Pee on 23/07/2022 - 21:16
    +5

    Oh they used to display it.
    They also only used to display JUST auction results. Then they started adding everything into the mix.
    Dodgy pricks!

    • poboy on 23/07/2022 - 21:19
      +1

      Yup. A relative purchased a property a few days before auction some months ago. The house sale was counted in the auction percentage results.

  • tanksinatra on 23/07/2022 - 21:45
    +3

    The suburb profiles also used to have monthly and annual median price graphs going back ~ten years. They've removed that too.
    I suspect they same - they are trying to hide the falling markets as reduced turnover will affect their revenue.

  • Meh2020 on 23/07/2022 - 22:21
    +1

    Or you can view auction results for Victoria at REIV's website:

    https://reiv.com.au/market-insights

  • Benoffie on 23/07/2022 - 23:06
    +5

    Yes they've removed it. They also count houses sold after auction as sold at auction. Domain still have it. You need to compare multiple sites or hop on WP if you can't be bothered.

  • modsec802 on 24/07/2022 - 06:32
    +2

    Falling market and so many places passed in not surprised they want to hide that

  • D3AB on 24/07/2022 - 09:56
    +1

    Smoke and mirrors. Much like our GDP, unemployment, and real wage growth figures. Gonna be a rough ride when they finally admit we're in a recession

  • JIMB0 on 24/07/2022 - 12:50

    It was inaccurate anyway as agents often only report the sold houses.

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