"Auction Market Preview - 20 October 2024"

“Auction Market Preview – 20 October 2024”

Christies Beach about | Blog | Buy | Community | Community Trends | Investment Information | Latest News | resources | Sell | Uncategorised | What's On 24th October, 2024 No Comments

“More than 2,600 homes set for auction across the combined capitals’

‘There are 2,609 capital city homes scheduled for auction this week, compared to 2,598 last week and 2,463 this time one year ago”.

‘Across the smaller capitals, Brisbane is set to host its second busiest auction week of the year so far, with 231 homes scheduled for auction, up from 215 last week. There are 144 auctions scheduled in Adelaide, down from 169 last week, while Canberra is set to see 69 homes go under the hammer, down from 90 one week ago.  There are 17 auctions scheduled in Perth, up from 13 last week, while there is just one auction on the radar in Tasmania, down from two last week”.

An auction is a powerful method for selling properties, offering several advantages for sellers. By creating a competitive bidding environment, auctions often lead to faster sales and higher prices. With a set timeline, it reduces the uncertainty of long sale periods, and the transparent bidding process ensures sellers get the best market price.

For those looking for an efficient and effective way to sell, auction can be a great option, especially in a strong market. Are you considering an auction for your property?

To learn more about current auction market conditions, read the latest article published by CoreLogic Here