“This quarterly update includes Q1 of 2026. The blue curve (turnover by number) is looking distinctly bearish. Its departure from the red curve (lending by value) is explained by supposing that the red curve is delayed by one quarter relative to the blue, in which case the red curve will be looking similarly bearish next quarter.

The more recent figures, although less comprehensive, are even more bearish: –

https://www.macrobusiness.com.au/2026/06/australias-auction-market-sinks-to-fresh-low/“