Auctions
Auction activity will often prove a reliable barometer into the buoyancy of the market
March, 2023
With auction clearance rates hovering between 70-80% depending on where you're at in Sydney (strongest since October 2021) and house prices up 0.8% in the four weeks to March 15, the signs are coming thick and fast that a recovery is inevitable with some suggesting it may be here sooner than the pundits would have thought. As with any market cycle, there will always be opportunities to pick up a good deal and now may just be the time to do so before the window slams shut and the trough we've all been waiting for becomes the growth trend we never saw coming. Read on for more...
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September, 2021
With Spring selling season well and truly upon us, the Sydney property market has given us more than a few hints that the impressive results are set to continue as we prepare to come out of our lockdown hibernation.
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June, 2021
In a sellers market, Auctions will always be a trial by fire for eager buyers looking to make their winning bid. Did you know however, there are certain tactics, as simple as they may be, that can put you in the drivers seat and in some cases even help you avoid auction day all together... For instance, many buyers are unaware that even when a property is up for Auction they are still within their rights to make an offer that the selling agent must present to the vendor. Even if the Auction is within 3 days. A healthy offer, sometimes above asking may well nab you that dream property! Be aware though that you may just have the one shot at making the right pre Auction offer to tempt your seller. Know your numbers, know your competition and make it count! https://www.realestate.com.au/news/largs-bay-home-snapped-up-night-before-auction-for-14-million/?rsf=syn:news:nca:news:spa:strap
June, 2021
In a time of on demand products and services, where your needs and wants can be met with just a few taps of a smart device, consumers in real estate are also expecting a lot more from their agents. In a recent survey by REA Group, buyers and sellers alike made it clear that the top priorities when engaging their chosen agent include swift response times, proactive updates and a genuine personalised service that makes their property journey seamless and stress free.
Whether it's underquoting, auction hustling or the glaring absence of customer care, consumers are becoming more aware and will seek out only the best agent support.
May, 2021
Whether your strategy is to purchase and lease out, tackle a swift renovation flip or sub divide and conquer, having a thorough action plan in place is vital! No matter your chosen approach, before you meet that selling agent to engage in negotiations or arrive on auction day ready to do battle, you need to be crystal clear on your numbers and how each price point will impact your end goal. Any experienced and successful property investor will tell you that gains are made by buying well in any market and not necessarily sweating it out at the tail end. https://www.abc.net.au/news/2021-05-17/derelict-sydney-house-in-camperdown-fetches-milestone-price/100144268
April, 2021
Getting caught up in the hype and paying way too much for a property out of desperation and fear of missing out is a real risk in an amplified market like this one. You end up cancelling out short term capital growth ambitions and jeopardising your own investment strategy. Buyers should avoid at all costs the allure of jumping straight in without really thinking about what it is you are wanting to achieve.