Auction means Action!
When it comes to selling a home, vendors often ask their Agent 'What method of sale is best suited for my home?'.
Let's talk about Auctions...
Auction campaigns and clearance rates are increasing throughout the Brisbane market, for one main reason: buyer demand. Increasing buyer demand creates an opportunity for vendors who are considering putting their property up for Auction – the most competitive buyers in the market have to put their best offer forward, and competitive bids can result in an excellent sale under the hammer.
Across Brisbane, the total Auction clearance rate is currently 67%. When comparing to the 2019 clearance rates at 46%, this jump of over 20% indicates the growing buyer market, and the increasing desire to buy. This has a direct impact on the market value of homes across the Brisbane region.
Apart from buyer demand and competition, here are some other aspects to consider when putting your property up for Auction.
Here at Sash & Gable, we tailor our marketing through thorough research of market trends, we create detailed marketing campaigns and implement strategies to achieve the best outcome for our vendors. Property marketing is an investment and has the potential to attract large crowds on Auction day.
The big day everyone is waiting for. The Auction date establishes a sense of urgency for active buyers in the area – they have limited time to organise and prepare to bid for their potential new home on Auction day.
Days on Market
Circling back to the competitive buyer market, Auctions often achieve lower days on market, due to the structured Auction campaign and selling under the hammer on the day.
When a property sells under the hammer at Auction, it is immediately unconditional. Selling under the hammer is transparent; when the highest bid is accepted, the buyer is now bound and the contract is signed moments later.
With our recent Auction campaigns, we have received an overwhelming amount of buyer interest and Gail Gobey is proud to have achieved such fantastic results for her Vendors;
18 Warren Street, Wakerley | SOLD UNDER THE HAMMER | $1,210,000
23 Aldford Street, Carindale | SOLD UNDER THE HAMMER | $770,000
19 Waterloo Esplanade, Wynnum | SOLD UNDER THE HAMMER | $855,000
47 Sirius Street, Coorparoo | SOLD UNDER THE HAMMER | $1,115,000
There could not be any greater evidence of how strong the market currently is with the latest information confirming what buyers already know - it's a hot market!
Gail Gobey and her team warmly invites you to her upcoming Auctions - please click the relevant image for further details;