Category: Auction Update

Auction Update, Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Research, Sponsored Channels, Trends, Videos

Early results contrast last year’s falls

Sydney is the busiest capital Melbourne trails Sydney in numbers and clearance Brisbane sluggish results Capital city auction activity ramped up after the expected seasonal slowdown, with 1,122 properties taking to auction this week. This volume is almost double last week’s 625 auctions. The higher volumes returned a preliminary auction clearance rate just short of 70%. As the remaining results are collected, the final clearance … Continue reading Early results contrast last year’s falls

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Auction Update, Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Research, Sponsored Channels, Trends, Videos

Auctions return but will buyers bid?

Auction market is back in business Numbers double in Sydney and Melbourne Will buyers respond? Last week Last week there were 625 capital city homes taken to auction returning a final auction clearance rate of 61%, lower than what we were seeing over the second half of 2019 when the weighted average remained around 65 to 70% each week. This week and weekend The 2020 … Continue reading Auctions return but will buyers bid?

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Auction Update, Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Research, Sponsored Channels, Trends, Videos

Misconceptions of Auction

One of the reasons some buyers and sellers do not like auctions is because they have been given inaccurate information like having to bid unconditionally and keeping on the 30/60/90 terms or the rights of the seller to refuse an offer in the auction. These are just the two examples that Cate Bakos discuses in this interview.   Continue reading Misconceptions of Auction

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Auction Update, Buying a property, Finance, Kevin Turner, Kevin's Update, Latest Stories, Property Investment, Research, Sponsored Channels, Trends, Videos

The skill of a good auctioneer

We have told you that before bidding on an auction, you should always be familiar with the methods of the auctioneer, who will be conducting the auction at the property you want to buy. Cate Bakos – buyers’ agent in Melbourne – shares the things you should be watching for. Continue reading The skill of a good auctioneer

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Auction Update, Kevin Turner, Kevin's Update, Latest Stories, Sponsored Channels, Videos

Last auction week is well ahead of last year

• Strong ‘almost 70%’ end to the year • 2 powerhouse markets finish well • Auctions take a break until Feb 2020 There were 2,750 homes taken to auction across the combined capital cities this week, with volumes down by -5.6% on last week’s 2,912 auctions. Preliminary results show a clearance rate of 69.2%, after last week’s final clearance rate of 71.1%. Melbourne saw 1,394 … Continue reading Last auction week is well ahead of last year

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VIDEO – Still a strong seller’s market

• Clearance rate sturdy on increased numbers • Market has ‘depth’ • Houses outperform unitsThere were 2,837 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 74.5 per cent. In Melbourne, a preliminary auction clearance rate of 75.3 per cent was recorded across 1,491 auctions this week, while last week there were 1,533 auctions. There were … Continue reading VIDEO – Still a strong seller’s market

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Auction Update, Kevin Turner, Kevin's Update, Latest Stories, Sponsored Channels, Videos

VIDEO – results from the busiest week this year

Over 3,000 properties auctioned Buyers chase houses over units Sydney buyers flock to buy There were over 3,000 capital city homes taken to auction this week, making it the busiest week for auctions we’ve seen this year; in fact the largest number since March last year. Of the 3,058 homes auctioned, according to preliminary figures, 78.9% returned a successful result, coming in higher than last … Continue reading VIDEO – results from the busiest week this year

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FOMO reflect buyer urgency

Clearance rate holds over 70% Buyer demand to be tested Auction numbers to lift by 14% There were 2,599 homes taken to auction across the combined capital cities this week, returning a preliminary auction clearance rate of 72.9 per cent. Over the next few weeks we will see the depth of buyer demand tested, with an increase in the number of properties taken to auction. … Continue reading FOMO reflect buyer urgency

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Auction Update, Kevin Turner, Kevin's Update, Latest Stories, Sponsored Channels, Videos

Volumes and clearance up in Canberra

Strong result from Adelaide Sydney clears 8 in 10 All capitals well up on last year   This week, there were 41.5% fewer homes taken to auction across the combined capital cities (1,535 ) with activity significantly lower across Melbourne as the city is brought to a halt amidst the Spring Racing Carnival. The lower week-on-week activity returned a preliminary auction clearance rate of 73.6%. … Continue reading Volumes and clearance up in Canberra

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